nowcasting - definition and synonyms

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