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Web of Proceedings - Francis Academic Press

The Impact and Prospects of Artificial Intelligence on Economic Statistics

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DOI: 10.25236/eeim.2024.010

Author(s)

Mengyao Ren, Youran Song

Corresponding Author

Mengyao Ren

Abstract

This paper reviews the impact and prospects of artificial intelligence on economic statistics in depth. Firstly, it introduces the development of artificial intelligence and its applications in various fields, particularly the current status and importance of economic statistics are emphasized. Secondly, it discusses the specific impacts of artificial intelligence on economic statistics from three aspects: data collection and processing, statistical methods and models, and analysis and decision support. Subsequently, through case studies such as macroeconomic forecasting and analysis, statistical applications at the industry and enterprise levels, and regional economic analysis and policy evaluation, the paper demonstrates the practical application of artificial intelligence in the field of economic statistics. However, the development of artificial intelligence in economic statistics also faces challenges such as data privacy and security, interpretability and reliability of models, and technological updates and talent cultivation. Finally, the paper forecasts the development trends of artificial intelligence in economic statistics, proposes policy recommendations and countermeasures to address challenges, and explores the prospects for the integrated development of artificial intelligence and economic statistics.

Keywords

Artificial Intelligence, Economic Statistics, Data Collection, Statistical Models, Analysis and Decision Support, Challenges and Issues, Development Prospects