nowcasting


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nowcasting

[′nau̇‚kast·iŋ]
(meteorology)
The detailed description of the current weather along with forecasts obtained by extrapolation up to about 2 hours ahead.
Any area-specific forecast for the period up to 12 hours ahead that is based on very detailed observational data.
References in periodicals archive ?
To this end, the inflation nowcasting model developed by Knotek and Zaman (2014) could be used to generate nowcasts, and these nowcasts can be used to condition near-term inflation outcomes with an eye toward improving longer-term inflation forecast accuracy.
Nowcasting the spread of chikungunya virus in the Americas.
It's not my job to defend the Met Office or Paul Stevens but to be fair to them it's called weather FORECASTING not weather NOWCASTING.
First, they develop a proxy model, followed by their nowcasting model.
Box 4 provides more details on this particular nowcasting specification: [Y.
The company added that Sky Motion developed a proprietary nowcasting technology that uses algorithms invented by Andre LeBlanc, Sky Motion's founder and chief technology officer.
Sky Motion pioneered the development of proprietary nowcasting technology that uses algorithms invented by Sky Motion Founder and Chief Technology Officer, Andre LeBlanc to track every rain cloud's movement in real-time.
When nowcasting GDP, Galbraith and Tkacz (2013a) focus on the changes to the average value of each payment type.
Keywords: real-time forecasting, real-time estimates, nowcasting, GDP estimates, economic indicators
First, TWEPA confirmed the occurrence of ADS in China or Mongolia by checking a Weather Integration and Nowcasting System developed by Taiwan Central Weather Bureau (Chen 2002).
Products supplied by MeteoGroup Singapore include Nowcasting Pro, MeteoGroup's proprietary operational planning tool for delivering high resolution metocean forecast services, RouteGuard for route optimisation and performance analysis and SPOS (Ship Performance Optimisation System), the world's leading onboard weather routing system, currently installed on several thousand vessels.
These models showed a moderate amount of nowcasting ability, but almost no forecasting ability beginning with 1-quarter-ahead forecasts.