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nowcasting - definition and synonyms

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noun [uncountable]
  1. From our crowdsourced Open Dictionary
    1
    the description of weather conditions at the present time and in the immediate future Submitted from United Kingdom on 04/11/2015
  2. From our crowdsourced Open Dictionary
    2
    the making of predictions about economic or political performance based on statistical analysis of currently available data

    Now-casting is relevant in economics because key statistics on the present state of the economy are available with a significant delay.

    Submitted from United Kingdom on 04/11/2015
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