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Journals / Sosyal Bilimler Araştırma Dergisi / 2018 / Cilt: 7 - Sayı: 2

A New Horizon in Econometrics: Big Data and Machine Learning

Ekonometride Yeni Bir Ufuk: Büyük Veri ve Makine Öğrenmesi

Ebru ÇAĞLAYAN AKAY
Pages
41–53
Publication Date
2018-06-01
DOI
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AI Summary & Key Takeaways

AI Insight
⚡ TL;DR(Too Long; Didn't Read)

In addition, the difference between machine learning and econometrics was also emphasized.

📌 3 Key Takeaways

🎯
Objective & Hypothesis:Big data and machine learning begun to be interested in econometrics for only past few years while they have been widely used in different areas of science for many years.
📊
Key Findings & Data:This growing interest has led to the use of machine learning algorithms and methods in the field of econometrics.
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Conclusion & Impact:In addition, the difference between machine learning and econometrics was also emphasized.
🔬Design:Modeling & Simulation
📍Scope:Comprehensive Sample
⚙️Variables:Büyük Veri · Makine Öğrenmesi · Ekonometri

Abstract

Big data and machine learning begun to be interested in econometrics for only past few years while they have been widely used in different areas of science for many years. This growing interest has led to the use of machine learning algorithms and methods in the field of econometrics. In this study, the concept of big data, features of big data, its advantages, challenges and the relationship between big data and machine learning were investigated. The role and importance of big data and machine learning in econometrics were researched and the developments in related literature were investigated. In addition, the difference between machine learning and econometrics was also emphasized.

Özet

Bu çalışmada büyük veri kavramı, büyük verinin özellikleri, avantajları, zorlukları ve büyük verinin makine öğrenmesi ile ilişkisi araştırılmıştır. Büyük veri ve makine öğrenmesinin ekonometri alanındaki yeri, önemi ve bu konu ile ilgili literatürdeki gelişmeler incelenmiştir. Bunların yanında makine öğrenmesi ile ekonometrinin farklılığı üzerinde de durulmuştur. Büyük veri kavramı ve makine öğrenmesi uzun yıllardır birçok bilim dallarında yaygın bir şekilde kullanılırken, ekonometri alanında son birkaç yıldır ilgi görmeye başlamıştır. Bu artan ilgi varolan makine öğrenmesi algoritma ve yöntemlerinin ekonometri alanında da kullanılmasına yol açmaktadır.

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Cite This Article

AKAY, E. Ç. (2018). A New Horizon in Econometrics: Big Data and Machine Learning. Sosyal Bilimler Araştırma Dergisi, Cilt: 7 - Sayı: 2, 41–53. https://ajindex.com/articles/801754

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