In this article, we use U.S. real-time data to produce combined density nowcasts of quarterly Gross Domestic Product (GDP) growth, using a system of three commonly used model classes. We update the density nowcast for every new data release throughout the quarter, and highlight the importance of...

Abstract We apply a suite of models to produce quasi-real-time density forecasts of Norwegian GDP and inflation, and evaluate different combination and selection methods using the Kullback-Leibler information criterion (KLIC). We use linear and logarithmic opinion pools in conjunction with...