
Speakers:
Forecasting Public Expenditure (BAföG) Using LSTMs: A Multi-Task Learning Approach for Volatile Data
Date:
Sunday, November 16, 2025
Time:
On demand
Summary:
Accurately forecasting expenditures is crucial for budgeting and policy planning. This session presents a multi-task LSTM model designed to predict annual federal student aid (BAföG) expenditures for the current and next two years. Using 16 state-level time series, it addresses extreme intra-year volatility, strong seasonality, and the risk of overfitting with small datasets. Attendees will gain insights into overcoming these challenges and improving real-world time series forecasting models.