In this paper we develop a new machine learning estimator for ordered choice models based on the Random Forest. The … explicitly into account. In addition to common machine learning estimators, it enables the estimation of marginal effects as well …

This paper applies machine learning to forecast business cycles in the German economy using a high-dimensional dataset … setting shows that many indicators are stable across time and business cycles. Machine learning models prove particularly … diminishes. The findings contribute to the ongoing discussion on the use of machine learning in economic forecasting, especially …

decision tree optimization models from machine learning, a comprehensive comparative study is carried out to investigate the …