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 ?
17) The term nowcasting is derived from combining the words now and forecasting.
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.
Then, we explore its use in nowcasting, again drawing on our earlier nowcasting work, before testing it against the 2012 election.
KEYWORDS: MIXED-FREQUENCY DATA, MIDAS MODELS, BRIDGE MODELS, NOWCASTING.
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.
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
2009), Choi and Varian (2009), and Castle and Hendry (2010) show how automatic model selection among a plethora of variables can improve nowcasting of important economic time series.
These models showed a moderate amount of nowcasting ability, but almost no forecasting ability beginning with 1-quarter-ahead forecasts.