Just how good is AI at predicting the future?
Description
BGO Chief Economist Ryan Severino, JLL chief economist David Rea, and Alberto Lopez, Global Forecasting Director at JLL, come together to discuss the evolution of rent forecasting in commercial real estate. AI is allowing for more precise calculations and forecasts than ever before, significantly improving predictive models. But the reliable interpretation and refinement of data are still paramount and require a human perspective. The discussion also covers the forecasting limitations, data quality requirements, and what the future could hold for this groundbreaking approach.
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