RAQAMLI TEXNOLOGIYALARNING YANGI O‘ZBEKISTON RIVOJIGA TA’SIRI Xalqaro ilmiy-amaliy konferensiyasi algorithm model, artificial neural network algorithm model, and long and short-term memory
network algorithm model. [Dahai Wang, (2022)]
Claveria et al. introduced a sentiment construction method based on the evolution of survey-
based indicators using genetic algorithms. The study aimed to generate country-specific empirical
economic sentiment indicators in the Baltic republics and the European Union. By searching for the
optimal non-linear combination of firms' and
households’ expectations, the authors computed the
frequency distribution of survey expectations and examined the lag structure per selected variable.
The study evaluated the out-of-sample predictive performance of the generated indicators,
demonstrating more accurate estimates of year-on-year GDP growth rates compared to scaled
industrial and consumer confidence indicators. The authors further combined the evolved
expectations of firms and consumers using non-linear constrained optimization to generate
aggregate expectations of year-on-year GDP growth, which outperformed recursive autoregressive
predictions of economic growth. [Oscar CLAVERIA, (2021)]
Overall, the reviewed studies emphasize the potential of machine learning algorithms,
genetic algorithms, and emotion recognition algorithms in improving GDP prediction and economic
forecasting accuracy. These innovative approaches offer new insights and methodologies for
researchers and policymakers seeking more precise and reliable predictions of economic growth.
By leveraging the power of advanced computational techniques, these studies contribute to the
growing body of literature on machine learning-based forecasting methods, highlighting their
superiority over traditional statistical models and the potential for enhancing decision-making in
economic analysis and planning.