Monthly Archives: March 2023
How Large Language Models will Empower Economic Analysis?
Large language models (LLMs), such as GPT-3 and its successors, have emerged as powerful tools for natural language processing (NLP) tasks such as text generation, translation, and sentiment analysis. While LLMs are most commonly used in fields such as natural language processing, they have a broad range of potential applications, including in economics. In recent…
10 different use cases where ChatGPT-4 can be useful in economics
ChatGPT-4 has a wide range of potential use cases in the field of economics, from forecasting macroeconomic variables to providing personalized investment recommendations. The examples below demonstrate how ChatGPT-4 can be used to process and analyze large volumes of data, generate reports and summaries, and provide insights that can help economists make informed decisions. Here…