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Jan 13 2025

TABE/CABE Webinar – New Tools of the Trade: Are Professional Economists or AI Better at Forecasting Inflation?

TABE and CABE are pleased to announce our next webinar in the series: New Tools of the Economists’ Trade.

The potential of artificial intelligence (AI) as a tool for economic analysis has been a subject of intense discussion with the democratization of AI caused by the arrival of ChatGPT. Notably, recent research by the Federal Reserve (FED) has demonstrated that large language models (LLMs) can produce inflation forecasts that surpass the accuracy of the renowned Survey of Professional Forecasters.

Samuel Turcotte, a recent graduate of the Master’s program in Applied Economics at HEC Montréal, has conducted research that adapts the FED’s study to current cutting-edge LLMs from Google and Microsoft, while extending the analysis to the Canadian context. Join us to explore the findings of this research, which examines the significant potential applications of these technologies in economic research, as well as their complex limitations.

Randall Bartlett, former TABE Board Member has organized and will moderate this session.

 

Event Details

Monday, January 13th, 2025

12:00 – 1:00PM Eastern

Online

Pricing:

Free (for local, national, student and retiree members)

$50 (for non-members)

 

For questions about TABE, please contact: president@tabeops.ca. For questions about TABE administration or registration for events, please contact: manager@cabe.ca

Samuel Turcotte Samuel Turcotte

Holding a master’s degree in Applied Economics from HEC Montréal, Samuel Turcotte is passionate about macroeconomics. His research project, supervised by Desjardins Economic Studies, explores the potential of conversational AI models for inflation forecasting.

Event Details

Virtual
Jan 13, 2025 12:00 pm - 1:00 pm EST

Event Registration

Public Attendee List

  • Michael Grant
  • Borys Minger
  • Marvin Cruz
  • Danielle Goldfarb
  • Andrew Trachsell
  • Atousa Mirzaei-Rezaei
  • Mario Baker
  • Ted Tsiakopoulos
  • Lan Do
  • Bradley Krause
  • Kevin Lee
  • Stuart Thomas
  • Stephen Tapp
  • Jolene Hunt
  • Sebastien Labrecque
  • Vivianne Taillefer
  • Alan Arcand
  • Randall Bartlett
  • Enongo Daniella Lowa
  • Paul Blais-Morisset
  • Mike Brown
  • Stuart Thomas
  • Sal Guatieri
  • Jeremy Kronick
  • Jim Whitestone
  • Peter Norman
  • Andrew Trachsell
  • Judith McWhinney