Ajit Desai is Research Data Scientist in the Funds Management and Banking Department at the Bank of Canada. Ajit received a PhD in computational science and engineering from the Carleton University in 2018. Ajit’s primary research focus has been on applying econometric and advanced machine learning techniques on retail and large-value payments systems data.
Economic prediction during a crisis is challenging because of the unprecedented economic impact of such an event, which increases the unreliability of traditionally used linear models that employ lagged data. The authors help to address this challenge by…