'Nowcasting' could ease GDP figure revision shocks
Forecasting becomes difficult, especially if changes to benchmark values are significant.
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On December 19, the Reserve Bank released the third quarter (Q3) GDP figures for New Zealand. If you are in the business of economic forecasting, no doubt your heart rate increases around 3pm when you find out how close your predictions are to the released values.
But it is not just the release
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Christoph Schumacher
Wed, 01 Jan 2020
Wed, 01 Jan 2020
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'Nowcasting' could ease GDP figure revision shocks
Analysis,
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