A “low-tech” tool from the Cleveland Fed consistently outperforms generative AI, which has struggled to provide reliable forecasts.
AI is ‘absolutely useless’ at forecasting inflation. This proven model is 12 times more accurate.
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AI is ‘absolutely useless’ at forecasting inflation. This proven model is 12 times more accurate.
A “low-tech” tool from the Cleveland Fed consistently outperforms generative AI, which has struggled to provide reliable forecasts.
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