Picture a single forecasting mistake triggering a cascade of negative consequences, such as surplus inventory, strained supplier relationships and disappointed customers. In today's world, accurate ...

Artificial intelligence-driven algorithms can be used to better forecast models for natural disasters, saving lives and protecting property by rapidly analyzing massive data sets and identifying ...

Forecasting inflation has become a major challenge for central banks since 2020, due to supply chain disruptions and economic uncertainty post-pandemic. Machine learning models can improve forecasting ...

One of the unwritten axioms of data scientists specializing in machine learning methodologies is that they all try their hand at predicting the stock market. Some of the best attempts have turned a ...

In a new report sent to Rigzone this week, Standard Chartered revealed that it is launching a machine learning model for near-term Brent price forecasting. Dubbed SCORPIO (Standard Chartered Oil ...

Machine learning models are taking over in the field of weather forecasting, from a quick “how long will this rain last” to a 10-day outlook, all the way out to century-level predictions. The ...

A new satellite mission backed by NASA and the European Space Agency (ESA) is poised to strengthen global hurricane forecasting by measuring ocean heat and sea surface height more precisely than ever ...