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The Economist tests its own forecasting accuracy using artificial intelligence

By

The Economist

5h ago· 8 min readenInsight

Summary

The Economist uses AI to test the accuracy of its own forecasts, particularly those made in its leader pages. The article examines the track record of predictions, acknowledging that while fact-checking prevents errors about the present, the future is more difficult. It references a specific 1999 prediction that oil could fall, and uses AI analysis to evaluate the publication's forecasting accuracy over time.

Source

bskyThe Economist tests its own forecasting accuracy using artificial intelligenceecon.st

Key quotes

· 3 pulled
The tone of pronouncements made in the leader pages of The Economist has been likened to the 'voice of God'.
Rigorous fact-checking usually saves us from embarrassing errors about the present. The future is trickier.
In 1999 we said oil could fall to
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We used artificial intelligence to test the accuracy of our forecasts

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