M. Jahangir Alam

Jahangir AiEconLab

Economics Department, Texas A&M University

Integrating AI for Enhanced Economic Research and Education

Projects

PlusMind AI

  • AI-Generated Quiz Creation: PlusMind AI contributes to educational technology by automating the creation of multiple-choice questions and quizzes for platforms like Canvas and Blackboard, streamlining the process of test bank development.
  • Seamless Integration with Educational Platforms: PlusMind AI enhances educational workflows through its integration with Canvas, facilitated by a Chrome plugin. This allows for the immediate export and straightforward editing of mathematical equations, thereby improving course management.
  • Interactive and Personalized Learning: PlusMind AI's chatbot is used to develop interactive course content, promoting independent learning and self-guided study among students, contributing significantly to personalized education experiences.

aieconlab

  • Causal Machine Learning and Predictive Models: We explore the intersection of machine learning and econometrics, using causal techniques to gain insights from economic data. Our work includes developing advanced predictive models, like LSTM networks and sophisticated text analysis methods, to forecast economic trends and understand social phenomena.
  • Prompt Engineering with Python: We focus on the crucial role of prompt engineering to optimize AI models. Using Python, we develop and refine prompts to enhance the performance and accuracy of our machine learning analyses.
  • ChatBot Development for Economic and Financial Applications: We lead in using chatbots for data science in economics and finance. Our chatbots facilitate data analysis, provide economic insights, and support financial decision-making, making complex data accessible and actionable. They are also integral to our teaching, highlighting their utility in data preprocessing and model interpretation.

AI Inflation Expectations

  • AI-Generated Inflation Forecasts for the United States: AI models, including ChatGPT, contribute to economic forecasting by providing real-time, hourly updates on U.S. CPI inflation expectations, merging traditional economic indicators with AI insights.
  • AI-Generated Inflation Forecasts for the Rest of the World: Investigate how AI techniques are applied globally to predict inflation trends, showcasing the adaptability and scalability of AI models across varied economic environments.
  • AI-Generated Inflation Forecasts using RAG (Retrieval-Augmented Generation): Discuss the use of RAG methodology to improve inflation forecasts, which enhances the accuracy and reliability of predictions by integrating AI's generative capabilities with real-time data retrieval.

Members

Economists Software engineers Research assistants