Nowcasting

Nowcasting is the short-term past and future forecasting of economic data. Since predominant economic data such as GDP or unemployment are disclosed with a long delay, making forecasts for past or present period using the current faster published data is of great importance to both economists and market players. Because the reference period in Turkey for the announcement of GDP is six months and the unemployment is three months, the use of Nowcasting techniques in Turkey will make it easier for economic actors to make more efficient and correct decisions. We aim to fill this vacancy in Turkey through the website NowcastTurkey.com

İstanbul Bilgi Üniversitesi
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