Definition: Nowcast

Category: Memobust Glossary

Forecast relating to the current time (or, rather, to the recent past); it produces an estimate for the period just behind us, but for which no direct statistical observation has been made. https://ec.europa.eu/eurostat/cros/content/memobust-glossary-pdf-file_en
Source:
Eurostat, "Memobust Glossary" (part of the Memobust Handbook on Methodology of Modern Business Statistics), ESSnet "Memobust", March 2014
Created:
Updated: