DataScience@BI seminar with Karim M. Abadir
DataScience@BI seminar invites Emeritus Professor of Financial Econometrics Karim M. Abadir, Imperial College London, to give a talk about "Vive la différence! Or how the diversity of firms predicts macroeconomic (and financial) trends and cycles."
- Starts:12:00, 1 September 2026
- Ends:13:00, 1 September 2026
- Location:BI - campus Oslo, B3 inner area next to meeting room B3i-108
- Enrolment deadline:01.09.2026 11:00
- Contact:Siri Johnsen (siri.johnsen@bi.no)
Abstract:
Can we trust economic models anymore? Are there models that can help us predict reliably where economies are heading? We illustrate the workings of a class of economic models that incorporate statistical specifications, with the heterogeneity of the firms and their interaction playing a key part in predicting turning points in the economy. Its public forecast in mid-2007 of an impending recession, and subsequent forecasts of diverging timings of recoveries in the West, have all been substantiated. Similarly for all the main macroeconomic events since then, including a warning in early 2020 about the coming stagflation, then the forecast of a drop in inflation over a year later (e.g., see https://internationalbanker.com/tag/karim-maher-abadir/).
The DataScience@BI seminar is organised by the Department of Data Science and Analytics, BI Norwegian Business School.
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