nowcasting

Ukraine Gdp nowcasting considering release calendar of the statistical information

Introduction. GDP statistics is usually quarterly and with a significant delay, and the data of many other economic indicators (average wages, unemployment, exchange rates, etc.) are monthly or have an even higher frequency. Such indicators often carry important information about the current state of the economy and it is important to use this data with a high frequency to obtain qualitative short-term forecasts. That is why methods that use mixed frequency data are becoming increasingly popular in predicting current system states and in short-term forecasting.