Forecasting and nowcasting macroeconomic variables: a methodological overview

We consider the reasons for nowcasting, how nowcasts can best be achieved, and the use and timing of information. The existence of contemporaneous data such as surveys is a major difference from forecasting, but many of the recent lessons about forecasting remain relevant. Given the extensive disagg...

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Bibliographic Details
Main Authors: Castle, J, Hendry, D, Kitov, O
Format: Journal article
Language:English
Published: Eurostat 2017