Are Machine Learning (ML) algorithms superior to traditional econometric models for GDP nowcasting in a time series setting?

As a data scientist, I have a handful of books that serve as important resources for my work in the field – “Statistical Learning with Sparsity – The Lasso and Generalizations” by Trevor Hastie, ...

Direction (−1.526): Incidents in the Northbound direction tend to be shorter in duration compared to Southbound incidents.