Helping decision makers understand the economy quickly through new methods

Abstract

Nowcasting refers to generating estimates of the current (“now”) state of the economy. It involves combining and using information released at a high frequency to estimate what a variable of interest that is available at a lower frequency might be doing in real-time. 
In collaboration with the Alan Turing Institute, the Office for National Statistics Data Science Campus has released a research paper, a technical report, and an open-source code repository that showcase cutting-edge progress in Nowcasting.

Additional information

Access the outputs here:

  • Research paper link
  • Technical report link
  • Code repository link

Turing affiliated authors