Boudt, Kris; De Block, Arno; Langenus, Geert; Reusens, Peter - 2023
Common sense tells that historical data are more informative for the estimation of today's nowcasting models when … observed in a similar economic state as today. We operationalise this intuition by proposing a state-based weighted estimation … procedure of GDP nowcasting models, in which observations are weighted based on the similarity with the current economic state …