Abstract
Artificial neural networks (ANNs) constitute a class of flexible nonlinear models designed to mimic biological neural systems. In this article we introduce ANN using familiar econometric terminology and provide an overview of the ANN modelling approach and its implementation methods.
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Acknowledgment
I would like to express my sincere gratitude to Steven Durlauf for his patience and constructive comments on early drafts of this article. I also thank Shih-Hsun Hsu and Yu-Lieh Huang for very helpful suggestions. The remaining errors are all mine.
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Kuan, CM. (2018). Artificial Neural Networks. In: The New Palgrave Dictionary of Economics. Palgrave Macmillan, London. https://doi.org/10.1057/978-1-349-95189-5_2714
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DOI: https://doi.org/10.1057/978-1-349-95189-5_2714
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