OMB Individually Reported
Economic Trend Modeling
Low riskExact public inventory row
Description
Enhance economic forecasting accuracy beyond traditional statistical models to better predict economic events
Detailed example
Multiple methods calculate the probability of a economic event in the next twelve months between 0 and 1 and are aggregated
AI / analytics pattern
Classical/Predictive Machine Learning: Models trained on data to make predictions or classifications based on identified patterns or relationships.
Automation level / stage
c) Deployed – The use case is being actively authorized or utilized to support the functions or mission of an agency.
Expected benefit
Additional data beyond traditional statistical models
Controls / human review
ATO: Yes; PIA: Not published
Data needed
Internal – Fixed Income