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Hauptverfasser: Steinmeister, Louis, Pauly, Markus
Format: Preprint
Veröffentlicht: 2024
Schlagworte:
Online-Zugang:https://arxiv.org/abs/2404.09334
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author Steinmeister, Louis
Pauly, Markus
author_facet Steinmeister, Louis
Pauly, Markus
contents "If you ask ten experts, you will get ten different opinions." This common proverb illustrates the common association of expert forecasts with personal bias and lack of consistency. On the other hand, digitization promises consistency and explainability through data-driven forecasts employing machine learning (ML) and statistical models. In the following, we compare such forecasts to expert forecasts from the World Semiconductor Trade Statistics (WSTS), a leading semiconductor market data provider.
format Preprint
id arxiv_https___arxiv_org_abs_2404_09334
institution arXiv
publishDate 2024
record_format arxiv
spellingShingle Human Vs. Machines: Who Wins In Semiconductor Market Forecasting?
Steinmeister, Louis
Pauly, Markus
Applications
"If you ask ten experts, you will get ten different opinions." This common proverb illustrates the common association of expert forecasts with personal bias and lack of consistency. On the other hand, digitization promises consistency and explainability through data-driven forecasts employing machine learning (ML) and statistical models. In the following, we compare such forecasts to expert forecasts from the World Semiconductor Trade Statistics (WSTS), a leading semiconductor market data provider.
title Human Vs. Machines: Who Wins In Semiconductor Market Forecasting?
topic Applications
url https://arxiv.org/abs/2404.09334