Industrial Early Warning Composite Index (IEWCI)

A Machine Learning Tool for Industrial Forecasting

Sandro Radovanović
Last updated on Feb 9, 2025 1 min read Predictive Analytics, Economic Indicators
Image credit: Industrial Early Warning Composite Index

Introducing the Industrial Early Warning Composite Index (IEWCI)

I would like to share a page for the Industrial Early Warning Composite Index (IEWCI). This project applies machine learning and economic indicators to develop a predictive tool that helps Serbian businesses—especially SMEs—anticipate short-term market fluctuations in industrial production.

Why Does This Matter?

  • The economic environment is volatile, and reliable forecasts provide companies with a competitive edge.
  • SMEs, which make up over 95% of Serbian businesses, often lack access to sophisticated market analysis.
  • The IEWCI aims to provide early warning signals for market shifts, enabling better decision-making.

How Does It Work?

  • The model combines various economic indicators (e.g., business sentiment, GDP, exports, interest rates) with machine learning to predict industrial production trends.
  • It undergoes continuous testing and refinement to improve accuracy, helping businesses adapt quickly to changing market conditions.

Explore the Model

You can see the IEWCI model in action here: IEWCI Tool

Machine Learning Economic Forecasting Industrial Production