The modern economy is a complex machine. Its job is to allocate limited resources and distribute output among a large number of agents—mainly individuals, firms, and governments—allowing for the ...

Models are important for understanding the current and future states of the world and we use many, for instance the capital asset pricing model, to help us understand markets and investing. But most ...

One of the most interesting and useful slang terms to emerge from Reddit in my opinion is ELI5, from its subreddit of the same name, which stands for "Explain It Like I'm 5" years old. The idea is ...

Data-driven models are increasingly used to simulate and make predictions about complex systems, from online shopping preferences and the performance of the stock market to the spread of disease and ...

Machine learning will only become more commonplace at enterprise level, but knowing the difference between black-box and white-box models is crucial to making the right decision for your organisation.

In 2015, when NASA’s New Horizons spacecraft encountered the Pluto-Charon system, the Southwest Research Institute-led science team discovered interesting, geologically active objects instead of the ...