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Macroeconomics modelling on UK GDP growth by neural computing

Abstract

This paper presents multilayer neural networks used in UK gross domestic product estimation. These networks are trained by backpropagation and genetic algorithm based methods. Different from backpropagation guided by gradients of the performance, the genetic algorithm directly evaluates the performance of multiple sets of neural networks in parallel and then uses the analysed results to breed new networks that tend to be better suited to the problems in hand. It is shown that this guided evolution leads to globally optimal networks and more accurate results, with less adjustment of the algorithm needed

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