Standard Bank Tech Impact Challenge: GDP prediction
Knowledge
Can you forecast GDP using World Development Indicators?
30 August–31 August 2019 10:00
15 data scientists enrolled, 5 on the leaderboard

This challenge is an invitational challenge designed in association with Standard Bank, specifically for the Standard Bank Tech Impact Challenge (SBTIC) Finals. Welcome to the SBTIC participants!

If you are at the SBTIC Finals taking place from 30 August to 3 September 2019 in Johannesburg, South Africa, you may enter this challenge by giving your email address to the Zindi representative.

After the SBTIC, this competition will be re-opened as a Knowledge Challenge to allow others in the Zindi community to learn and test their skills.

Gross Domestic Product (GDP) is one of the most widely cited macroeconomic indicators, which is often used as a measure of the performance and health of a country’s economy. Comparisons of GDP over time can provide us with insights about whether an economy is expanding due to increased activity or contracting as a result of less output. These changes in GDP over time are typically reported as economic growth rates. In addition, GDP can provide a measure of relative performance across countries.

With the world changing rapidly, many economies still face major barriers that diminish their GDP growth, while others have seen extensive growth over time. The world is modernising at an increasing rate and economic conditions are drastically changing.

The objective of this challenge is to create a machine learning model that forecasts GDP values based on prior years GDP and other economic indicators.

This challenge is being hosted in association with Standard Bank.

About the Standard Bank Tech Impact Challenge

The Standard Bank Tech Impact Challenge (SBTIC) is a competition for teams of students in South African tertiary institutions, at undergraduate and honours level, to demonstrate their programming ability and teamwork capabilities with limited resources.

Each of the participating tertiary institutions enters a number of teams. The teams attempt to solve as many problems as possible during the Heats, which take place at the tertiary institutions during the first half of the year. The top teams from the the top 15 institutions are then invited to the Finals in Johannesburg. The winning student teams and tertiary institutions receive prizes as outlined in the SBTIC rules and terms and conditions.

In 2019, the theme of the SBTIC is Machine Learning and Artificial Intelligence and the winners will be awarded and recognised for show-casing their engineering excellence, creativity and innovation.

For more information, please visit the Standard Bank Tech Impact Challenge Website.