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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
Eurostat, "Memobust Glossary" (part of the Memobust Handbook on Methodology of Modern Business Statistics), ESSnet "Memobust", March 2014
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