(In April 2016, a couple of researchers at the Federal Reserve Board published a paper
on nowcasting Canadian GDP, concluding that a model with U.S. indicators was more accurate that one without.)
Not exact matches
Nowcasting models sometimes fail to adjust for «special factors» or other events that are out of line with the historical readings
on which the models are based, she said.
But
nowcasts might offer a check
on the work of Bay Street and Wall Street economists; Bartlett said research suggests
nowcasting produces better predictions than calculating the consensus view of private - sector analysts.
When the «outstanding» November GDP number was released
on January 31, the IFSD
nowcast for fourth - quarter GDP was revised to 1.8 %.
The Inflation GPS, developed with BlackRock's Scientific Active Equity team, incorporates big data
on price trends and a daily - updated «
nowcast» of inflation - related statistics to give a read
on where core inflation is headed in major economies.
On cue, JP Morgan's instant «
Nowcast» tracker of world growth has dropped from 4 per cent to 3.2 per cent since the start of the year, far below estimates of the International Monetary Fund.
Approaches may just use current polling, i.e. a «
nowcast» (e.g. Electoral Calculus, May2015.com and The Guardian), or add in a predictive element about how polling shifts based
on historical data (e.g. ElectionForecast and Elections Etc.).
The Inflation GPS incorporates big data
on price trends and a daily - updated «
nowcast» of inflation - related statistics to give a read
on where core inflation is headed in major economies.
The Inflation GPS, developed with BlackRock's Scientific Active Equity team, incorporates big data
on price trends and a daily - updated «
nowcast» of inflation - related statistics to give a read
on where core inflation is headed in major economies.
The current GOES - N - class sounder temperature and moisture profiles provide relatively coarse temporal and spatial coverage, which is informative for indicating the synoptic - scale severe weather threat to areas, but insufficient for «
nowcasting» cell development
on the mesoscale or adequately resolving boundary - layer structures critical for
nowcasts of severe thunderstorms.