Data science

Our goal as Data Science Team is to explore the possibilities presented by data science as well as to promote data science within CPB. Data science is a multidisciplinary field that combines insights from computer science, statistics and, increasingly, from economics. Data science is relevant for CPB as it allows for more efficient forecasts and more robust inference in causal research, and because it offers access to new forms of data, such as text.
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Our team develops forecast models that form a part of the overall CPB forecasting process. In this regard, we work jointly with other sectors at CPB so as to combine domain knowledge of other sectors with technical expertise of our team. For instance, the unemployment forecasts are supported by two models (publication in Dutch) that have been developed in cooperation with Data Science Team. In addition to forecasts we also assist with general CPB research.