Economic indicators are essential for policymaking and strategic decisions in both the public and private sectors. However, due to delays in the release of government indicators based on macroeconomic factors, there is a high demand for timely estimates or “nowcasting”. Many attempts have...

Economic indicators play a crucial role in shaping policy and strategy decisions in both the public and private sectors. However, as government indicators based on macroeconomic data are typically released one to two months later, there is a high demand for timely estimates of these values,...