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Universidad de Salamanca Department de Informatica y Automatic Facultad de CienciasTesis DoctoralMachine learning and econometric applications for increasing profitability and efficiency: A case study
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For machine learning:
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Gather and clean the data set you will be using for training and testing.
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Choose an appropriate machine learning algorithm based on the type of problem you are trying to solve.
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Split the data into training and testing sets to evaluate the performance of the model.
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Train the model on the training data set using the chosen algorithm.
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Evaluate the model on the testing data set to measure its accuracy and performance.
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Adjust the hyperparameters of the model to improve its performance if necessary.
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Once satisfied with the model's performance, deploy it for predictions on new data points.
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For econometrics:
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Define the research question and formulate your hypothesis.
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Gather the necessary data and ensure its accuracy and completeness.
13
Choose an appropriate econometric model based on the nature of your data and research question.
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Test the assumptions of the chosen model to ensure its validity.
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Estimate the parameters of the model using statistical techniques such as OLS regression.
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Interpret the results of the analysis and draw conclusions based on the findings.
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Perform sensitivity analysis to test the robustness of your results.
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Communicate your findings through reports or presentations.

Who needs machine learning and econometric?

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Machine learning is needed by businesses looking to make data-driven decisions, researchers aiming to analyze large datasets, and developers creating AI-powered applications.
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Econometrics is needed by economists, researchers in social sciences, financial analysts, and policymakers to analyze and interpret economic data, forecast trends, and make informed decisions.
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Machine learning is a method of data analysis that automates analytical model building, while econometrics is the application of statistical and mathematical methods to economic data.
Individuals or organizations using these techniques for data analysis or modeling are required to file machine learning and econometric.
To fill out machine learning and econometric, one must gather relevant data, choose appropriate models, estimate parameters, and interpret results.
The purpose of machine learning and econometric is to help make predictions, analyze trends, and make informed decisions based on data.
The information reported on machine learning and econometric includes data sets, models used, variables included, estimation techniques, and results.
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