This chapter introduces economic modeling based on artificial intelligence techniques. It introduces issues such as economic data modeling and knowledge discovery, including data mining and causality versus correlation. It also outlines some of the common errors in economic modeling with regard to data handling, modeling, and data interpretation. It surveys the relevant econometric methods and motivates for the use of artificial intelligence methods.
Marwala, T. (2013). Introduction to economic modeling. In Advanced Information and Knowledge Processing (pp. 1–21). Springer London. https://doi.org/10.1007/978-1-4471-5010-7_1