Nowcasting from cross‐sectionally dependent panels

Cointegration Testing in Dependent Panels with Breaks

In this paper we propose panel cointegration tests allowing for breaks and cross-section dependence based on the Continuos-Path Block bootstrap. Simulation evidence shows that the proposed panel tests have satisfactory size and power properties, hence improving considerably on asymptotic tests applied to individual series. As an empirical illustration we examined investment and saving for a pan...

Nowcasting of Precipitation

Nowcasting , Business Cycle Dating

A modelling framework is proposed in which the real time informational context of decision-making is properly reflected. Comparisons are drawn with ‘standard’ estimated models that incorrectly omit market-informed insights on future macroeconomic conditions and inappropriately incorporate information that was not available at the time. An analysis of quarterly US data 1968q4-2006q1 shows that n...

Artificial neural-network technique for precipitation nowcasting from satellite imagery

The term nowcasting reflects the need of timely and accurate predictions of risky situations related to the development of severe meteorological events. In this work the objective is the very short term prediction of the rainfall field from geostationary satellite imagery entirely based on neural network approach. The very short-time prediction (or nowcasting) process consists of two steps: fir...

Nowcasting Disaster Damage

a National Information and Communications Technology Australia, Melbourne, Victoria 3003, Australia; b Faculty of Information Technology, Monash University, Melbourne, Victoria 3145, Australia; c Department of Political Science, University of California at San Diego, La Jolla, California 92093, USA; d Center for Marine Biodiversity and Conservation, Scripps Institution of Oceanography, La Jolla...