AI-Driven Econometric Models for Legal Issues
DOI:
https://doi.org/10.62802/btfvze98Keywords:
AI-driven econometrics, legal analytics, machine learning, regulatory compliance, contract enforcement, intellectual property, natural language processing, predictive modeling, game theory, ethical AIAbstract
Artificial intelligence (AI) is reshaping the landscape of econometric modeling, offering innovative tools to address complex legal issues involving predictive analysis, resource allocation, and policy evaluation. This research explores the application of AI-driven econometric models to legal challenges, focusing on areas such as contract enforcement, intellectual property disputes, and regulatory compliance. By integrating machine learning with traditional econometric techniques, these models enhance the precision and adaptability of legal forecasts and decision-making processes. Key methodologies include the use of natural language processing (NLP) for legal text analysis, deep learning for pattern recognition in case law, and game theory to evaluate strategic interactions in legal contexts. The study highlights the potential of AI to improve efficiency, reduce bias, and facilitate equitable outcomes in legal systems. Challenges such as data privacy, interpretability, and ethical considerations are also addressed. By bridging AI and econometrics, this research aims to provide a robust framework for advancing legal analytics, contributing to more informed policy-making and judicial processes.
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