Frequently Asked Questions
What is the Recession Dashboard?
Recession Dashboard is a web page which was build with the purpose of showing the historical data regarding the level of risk that the american economy faces of entering a state of recession.
How is it calculated?
The Recession Risk Level is calculated using Big Data and Articial Intelligence through advanced non supervised machine learning prediction models. More specifically, we use several data that encompasses macroeconomic and stock market indicators to make a prediction based on Logistic Regression.
Why do we need it?
The development of technologies and techniques related to Big Data and Artificial Intelligence are revolutionizing all scientific disciplines, because it allows finding patterns on a set of data more efficiently. This webpage proves that the discipline of economics could be highly benefited by applying these techniques, just like the other sciences.
In addition, it offers both to the general public and institutions a tool for preventively detect an incoming economical recession, thus being able to provide sufficient time to reduce the adverse impacts that it could entail to everyone.
Where can I check the data used to calculate it?
All data used is shown historically in the recession dashboard, found at the "The Dashboard" page. Additionally, all information regarding the data used its found in the "Data Used" page.