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  1. Hedonic prices and quality adjusted price indices powered by AI
    Erschienen: [2023]
    Verlag:  Cemmap, Centre for Microdata Methods and Practice, The Institute for Fiscal Studies, Department of Economics, UCL, [London]

    Accurate, real-time measurements of price index changes using electronic records are essential for tracking inflation and productivity in today's economic environment. We develop empirical hedonic models that can process large amounts of unstructured... mehr

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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
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    Accurate, real-time measurements of price index changes using electronic records are essential for tracking inflation and productivity in today's economic environment. We develop empirical hedonic models that can process large amounts of unstructured product data (text, images, prices, quantities) and output accurate hedonic price estimates and derived indices. To accomplish this, we generate abstract product attributes, or "features," from text descriptions and images using deep neural networks, and then use these attributes to estimate the hedonic price function. Specifically, we convert textual information about the product to numeric features using large language models based on transformers, trained or fine-tuned using product descriptions, and convert the product image to numeric features using a residual network model. To produce the estimated hedonic price function, we again use a multi-task neural network trained to predict a product's price in all time periods simultaneously. To demonstrate the performance of this approach, we apply the models to Amazon's data for first-party apparel sales and estimate hedonic prices. The resulting models have high predictive accuracy, with R 2 ranging from 80% to 90%. Finally, we construct the AI-based hedonic Fisher price index, chained at the year-over-year frequency. We contrast the index with the CPI and other electronic indices.

     

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    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Online
    Weitere Identifier:
    hdl: 10419/284132
    Auflage/Ausgabe: This version: April 20, 2023
    Schriftenreihe: Cemmap working paper ; CWP23, 08
    Schlagworte: Hedonic Prices; Price Index; Transformers; Deep Learning; Artificial Intelligence
    Umfang: 1 Online-Ressource (circa 48 Seiten), Illustrationen
  2. ClimateBERT-NetZero: detecting and assessing net zero and reduction targets
    Erschienen: [2023]
    Verlag:  Swiss Finance Institute, Geneva

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    Helmut-Schmidt-Universität, Universität der Bundeswehr Hamburg, Universitätsbibliothek
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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
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    Export in Literaturverwaltung   RIS-Format
      BibTeX-Format
    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Online
    Weitere Identifier:
    Schriftenreihe: Swiss Finance Institute research paper series ; no 23, 110
    Schlagworte: Net Zero Targets; ClimateBERT; Transformers; NLP
    Umfang: 1 Online-Ressource (circa 14 Seiten), Illustrationen