Česká národní banka

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AI GDP nowcasts trail human-adjusted forecasts by 0.01 points
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AI GDP nowcasts trail human-adjusted forecasts by 0.01 points

Since 2023, the Czech National Bank's human-adjusted GDP nowcasts have recorded an error of 0.21 percentage points, against Random Forest's 0.22. The bank will update model weights quarterly using recent performance.

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