Simulation modelling has emerged as a vital tool for understanding and managing the inherent complexity of numerous systems, from healthcare and manufacturing to logistics and business operations. By ...

Are Machine Learning (ML) algorithms superior to traditional econometric models for GDP nowcasting in a time series setting? Based on our evaluation of all models from both classes ever used in ...

Modelling and simulation form a pivotal discipline in which real‐world systems are abstracted into mathematical and computational representations. This process enables researchers to explore, predict ...