Nowcasting in economics is the prediction of the present the very near future the very recent past state of an economic indicator. Nowcasting usually uses statistical or machine learning techniques to take recent observations and roll them forwards. “Forecasting for the next few hours”. It turns out that most nowcasting research up until now has been done on rainfall (because predicting floods saves lives and property). Relatively little research has been done on nowcasting sunlight.
Developed directly with client.
Open Climate Fix
Say Hello at
Grateful to be living and working on the traditional and unceded territories of the Coast Salish Territory of the Lekwungen and W̱SÁNEĆ nations.