Using Machine Learning to Predict Outcomes in Tax Law
"Machine learning can help us to find the hidden patterns in the case law and reach more confident conclusions."
– Benjamin Alarie CEO, Blue J Legal and Osler Chair in Business Law, University of Toronto
Predicting what courts will do is a key component of what lawyers do. In many fields, formalistic and algorithmic approaches to prediction work better than relying on human judgment and hunches alone.
In fields from medicine to sports to insurance, prediction by algorithm outperforms human judgment. Data-driven analytics provide superior predictions. Legal predictions are no different.
This white paper outlines the challenges and opportunities in applying machine learning technologies – such as those used to power Tax Foresight – to answer very specific problems in tax law.