Predicting the Growth of the Global Market using AI
- George Boretos
- Sep 4, 2023
- 1 min read
Predicting the growth of the Global market for 17 years with more than 97.5%šaccuracy
ā”ļø AI-based Forecasting of the Global Marketš
ā”ļø High forecasting accuracy for 17 years!š„
ā”ļø AI model proved resilient to the many crises of the past two decades
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A published forecast was able to predict the evolution of the Global Market from 2006-2022, with high accuracy, exceeding 97.5%.
This is an even bigger accomplishment if you consider the many challenges of this period, including the Great Recession of 2007-2009 and the Global Covid-19 pandemic starting from 2020 onwards.
The forecast was based on the same Predictive AI econometric model utilized by FutureUP today and allowed for proactive, long-term planning.
Learn more:
The forecasting challenge
Forecast the long-term growth potential of the Global Market in times of great uncertainty, including the Global Financial Crisis of 2008 and the Pandemic of 2020.
The solution
A published forecast, using known data up to 2005, leveraging an innovative Predictive AI econometric model to estimate the Global Market as measured by the Global GDP.
The result & benefit
šHigh forecasting accuracy
The modelās estimates remained very close to actual values from 2006 to 2022, with just a 2.4% average error, despite the many challenges of the past years.
šPlan ahead with confidence
Long-term anticipation of significant market trends enables companies, people, and governments to plan ahead and prepare accordingly.
Interested in learning more about AI-Powered Price Optimization and Strategic Forecasting?
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