Comprehensive Review of Deep Reinforcement Learning Methods and Applications in Economics

The popularity of deep reinforcement learning (DRL) methods in economics have been exponentially increased. DRL through a wide range of capabilities from reinforcement learning (RL) and deep learning (DL) for handling sophisticated dynamic business environments offers vast opportunities. DRL is characterized by scalability with the potential to be applied to high-dimensional problems in conjunction with noisy and nonlinear patterns of economic data. In this work, we first consider a brief review of DL, RL, and deep RL methods in diverse applications in economics providing an in-depth insight into the state of the art. Furthermore, the architecture of DRL applied to economic applications is investigated in order to highlight the complexity, robustness, accuracy, performance, computational tasks, risk constraints, and profitability. The survey results indicate that DRL can provide better performance and higher accuracy as compared to the traditional algorithms while facing real economic problems at the presence of risk parameters and the ever-increasing uncertainties.

Data Science in Economics

This paper provides the state of the art of data science in economics. Through a novel taxonomy of applications and methods advances in data science are investigated. The data science advances are investigated in three individual classes of deep learning models, ensemble models, and hybrid models. Application domains include stock market, marketing, E-commerce, corporate banking, and cryptocurrency. Prisma method, a systematic literature review methodology is used to ensure the quality of the survey. The findings revealed that the trends are on advancement of hybrid models as more than 51% of the reviewed articles applied hybrid model. On the other hand, it is found that based on the RMSE accuracy metric, hybrid models had higher prediction accuracy than other algorithms. While it is expected the trends go toward the advancements of deep learning models.

Spatial Analysis of Seasonal Precipitation over Iran: Co-Variation with Climate Indices

Temporary changes in precipitation may lead to sustained and severe drought or massive floods in different parts of the world. Knowing variation in precipitation can effectively help the water resources decision-makers in water resources management. Large-scale circulation drivers have a considerable impact on precipitation in different parts of the world. In this research, the impact of El Ni~no-Southern Oscillation (ENSO), Pacific Decadal Oscillation (PDO), and North Atlantic Oscillation (NAO) on seasonal precipitation over Iran was investigated. For this purpose, 103 synoptic stations with at least 30 years of data were utilized. The Spearman correlation coefficient between the indices in the previous 12 months with seasonal precipitation was calculated, and the meaningful correlations were extracted. Then the month in which each of these indices has the highest correlation with seasonal precipitation was determined. Finally, the overall amount of increase or decrease in seasonal precipitation due to each of these indices was calculated. Results indicate the Southern Oscillation Index (SOI), NAO, and PDO have the most impact on seasonal precipitation, respectively. Also, these indices have the highest impact on the precipitation in winter, autumn, spring, and summer, respectively. SOI has a diverse impact on winter precipitation compared to the PDO and NAO, while in the other seasons, each index has its special impact on seasonal precipitation. Generally, all indices in different phases may decrease the seasonal precipitation up to 100%. However, the seasonal precipitation may increase more than 100% in different seasons due to the impact of these indices. The results of this study can be used effectively in water resources management and especially in dam operation.