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.
McGraw-Hill Dictionary of Scientific & Technical Terms, 6E, Copyright © 2003 by The McGraw-Hill Companies, Inc.
References in periodicals archive ?
The UK recession and nowcasting GDP growth using statistical models', National Institute Economic Review, 209, pp.
Keywords: Nowcasting; real-time; architects; qualitative-to-quantitative conversion; business surveys; housing construction
An area of active research within the international consortium is the development of high-IWC satellite detection and nowcasting techniques based on available remote sensing technology and numerical weather prediction (NWP) models.
Recall that the T+1 values of the indicator variables are published ahead of the T+1 values for [DELTA][y.sub.T+1] and can therefore be exploited when nowcasting.
It initially focused on projects internal to ECCC and included testing and demonstration of new observation technology (surface, upper air, and radar), high-resolution meteorological and AQ modeling, point nowcasting, a prototype forecast production system, and the integration of new health initiatives.
Indeed, there is a burgeoning literature focusing on the nowcasting of macroeconomic magnitudes and events, the purpose of which is to provide today's decision-makers with the most up-to-date statement on where we currently stand before the data on today's position are released, let alone revised (see Giannone et al., 2004, 2006; Mitchell et al., 2005).
The World Meteorological Organization (WMO) World Weather Research Programme's (WWRP) Forecast and Research in the Olympic Sochi Testbed program (FROST-2014) was aimed at the advancement and demonstration of state-of-the-art nowcasting and short-range forecasting systems for winter conditions in mountainous terrain.