nowcast

verb

1. To predict the weather for a very short upcoming period (usually a few hours).

   “If the nowcasted or forecasted rainfall depth is greater than the FFG, then flooding in the basin is considered likely.”

2. To estimate what is currently happening based on knowledge of how data is biased.

   “The indices are nowcasted at a very low level, meaning thousands of nowcasts. Attention has been focuesed on the nowcasts that fail validation checks.”

   “First, the value-added contribution from each origin country is adjusted according to their (nowcasted) change in GDP.”

   “Our ability to nowcast will depend on the length of the delay and the quality of data available.”

noun

1. A weather forecast predicting the weather for a very short upcoming period, usually only a few hours.

   “A low-probability nowcast was essentially a “No Forecast" , but issued with less confidence.”

2. An estimate made by nowcasting.

   “The indices are nowcasted at a very low level, meaning thousands of nowcasts. Attention has been focuesed on the nowcasts that fail validation checks.”