traditional Dynamic Factor Model (DFM), which serves as the benchmark for nowcasting in economic research. We treat specific … optimized iteratively by the Tree-Structured Parzen Estimator. Our results show that ML models outperformed DFM in nowcasting … total GDP, and that they achieve similar performance to this benchmark in nowcasting non-primary GDP. Furthermore, the …

traditional Dynamic Factor Model (DFM), which serves as the benchmark for nowcasting in economic research. We treat specific … optimized iteratively by the Tree-Structured Parzen Estimator. Our results show that ML models outperformed DFM in nowcasting … total GDP, and that they achieve similar performance to this benchmark in nowcasting non-primary GDP. Furthermore, the …

This paper focuses on identifying useful indicators for nowcasting GDP in Sweden. We analyze 35 monthly indicators … nowcasting. While the primary focus is on nowcasting, we also assess the performance of the indicators for backcasting and … forecasting. For nowcasting, we identify 16 indicators in the individual setup and 23 indicators in the pooled setup that …

This paper focuses on identifying useful indicators for nowcasting GDP in Sweden. We analyze 35 monthly indicators … nowcasting. While the primary focus is on nowcasting, we also assess the performance of the indicators for backcasting and … forecasting. For nowcasting, we identify 16 indicators in the individual setup and 23 indicators in the pooled setup that …