In this study, we analyzed the forecasting and nowcasting performance of a generalized regression neural network (GRNN …

investment, which are available at a quarterly frequency. While nowcasting uses data up to (and including) the quarter to be … that taking explicit account of regimes clearly improves nowcasting, and different regimes are important for GDP … certain regimes, like tourist arrivals in the non-recession regime when nowcasting consumption, while other variables are …