30 September 2019 to 4 October 2019
Montenegro, Budva, Becici
Europe/Podgorica timezone

DYNAMIC APACHE SPARK CLUSTER FOR ECONOMIC MODELING

3 Oct 2019, 12:45
15m
Splendid Conference & SPA Resort, Conference Hall Petroviċa

Splendid Conference & SPA Resort, Conference Hall Petroviċa

Sectional Machine Learning Algorithms and Big Data Analytics Machine Learning Algorithms and Big Data Analytics

Speaker

Ms IULIIA GAVRILENKO (Research Assistant, Plekhanov Russian University of Economics, Moscow, Russia)

Description

Modern econometric modeling of macroeconomic processes usually meets certain challenges due to the incompleteness and heterogeneity of the initial information, as well as huge data volumes involved. In the work, on the example of modeling the level of employment in the regions of the Russian Federation was shown the effectiveness of joint using Big Data technologies and automated deployment of a dynamic virtual computing cluster for solving such problems. There were constructed several models of the regional labor market, taking into account such basic macroeconomic indicators as per capita income, the volume of paid services to the population per capita, the industrial production index and others. The classification of the subjects of the Russian Federation according to the level of employment was obtained, it is stable against different methods (single linkage, complete linkage, Ward's method). For the analysis, it was used a dynamic Apache Spark cluster deployed by the means of the SIMPLE environment developed at CERN.

Primary author

Ms IULIIA GAVRILENKO (Research Assistant, Plekhanov Russian University of Economics, Moscow, Russia)

Co-authors

Dr Maarten Litmaath (CERN) Mayank Sharma (CERN) Tikhomirova Tatyana (Plekhanov Russian University of Economic)

Presentation materials