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KOFCASTs: Ein Projektbericht

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Abstract

The KOFCASTs project aims to provide macroeconomic short-term forecasts to the public ona daily basis. We provide daily updated forecasts for the Gross Domestic Product of various European countries for the current and coming quarter based on large amounts of data and various forecast models.The current forecasts are then made available to the public on a website, which also shows the forecast change from day to day, the reason for the forecast change and other information. All information about the models, methods and data is made transparent, so that applied forecasters in, e.g., banks, central banks and research institutes, can use the website as an «extended arm» for their work.

Suggested Citation

  • Heiner Mikosch & Stefan Neuwirth, 2020. "KOFCASTs: Ein Projektbericht," KOF Analysen, KOF Swiss Economic Institute, ETH Zurich, vol. 14(4), pages 56-63, December.
    • Handle: RePEc:kof:anskof:v:14:y:2020:i:4:p:56-63
    DOI: 10.3929/ethz-b-000458778
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    More about this item

    Keywords

    Forecasting; nowcasting; mixed-frequency data; real time;
    All these keywords.

    JEL classification:

    • C52 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Model Evaluation, Validation, and Selection
    • C53 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Forecasting and Prediction Models; Simulation Methods
    • C81 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - Methodology for Collecting, Estimating, and Organizing Microeconomic Data; Data Access
    • E23 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Production
    • E37 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Forecasting and Simulation: Models and Applications

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