On this basis, the Bank will closely monitor the impact of COVID-19 for the time being and will not hesitate to take additional easing measures if necessary. Thank you. 3
Unlike Econometrics, which concentrates on solving non-linearity bias problems in a typical linear framework, Data Science is about improving our ability to work with non-linear relationships in the system. Another difference is that Econometrics concentrates on methods such as robustness, while machine learning algorithms became popular for their outstanding predictive performance 4. 3.