Applications of Artificial Intelligence in Economic Analysis

  • Unique Paper ID: 168984
  • PageNo: 1345-1351
  • Abstract:
  • Accurate economic forecasting is crucial for economists and policy makers, as it allows them to make informed decisions about issues such as monetary policy, fiscal policy, and business strategy. In recent years, artificial intelligence (AI) has emerged as a powerful tool for economic forecasting, as it is able to analyze large amounts of data quickly and accurately and identify patterns and relationships that may be difficult for humans to see. However, the application of AI in economic forecasting also presents challenges and it is also important to carefully consider the ethical implications of using AI in economic decision making, and to ensure that it is used in a responsible and transparent manner.

Copyright & License

Copyright © 2026 Authors retain the copyright of this article. This article is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.

BibTeX

@article{168984,
        author = {Velu Suresh Kumar},
        title = {Applications of Artificial Intelligence in Economic Analysis},
        journal = {International Journal of Innovative Research in Technology},
        year = {2024},
        volume = {11},
        number = {6},
        pages = {1345-1351},
        issn = {2349-6002},
        url = {https://ijirt.org/article?manuscript=168984},
        abstract = {Accurate economic forecasting is crucial for economists and policy makers, as it allows them to make informed decisions about issues such as monetary policy, fiscal policy, and business strategy. In recent years, artificial intelligence (AI) has emerged as a powerful tool for economic forecasting, as it is able to analyze large amounts of data quickly and accurately and identify patterns and relationships that may be difficult for humans to see. However, the application of AI in economic forecasting also presents challenges and it is also important to carefully consider the ethical implications of using AI in economic decision making, and to ensure that it is used in a responsible and transparent manner.},
        keywords = {Artificial Intelligence, Machine Learning, Natural Language Processing, Deep Learning, Neural Networks, Forecasting.},
        month = {November},
        }

Cite This Article

Kumar, V. S. (2024). Applications of Artificial Intelligence in Economic Analysis. International Journal of Innovative Research in Technology (IJIRT), 11(6), 1345–1351.

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