Comments (1)
Yo raiZel1996, I am not sure regarding exactly what kind of advice it is that you are seeking; however, within my current knowledge I can tell you that, yes, you could forecast (using any of the nowcasting methods) quarterly gdp using only quarterly variables as long as these quarterly variables are published earlier. You would also have less nowcast horizons, and I think that accuracy would be weak.
I am not sure however, that this methodology would be smart to use in that case though, since the models was specifically built for the use of lower frequency variables to forecast higher frequency ones.
Hope that my answer helps, wish you the best.
from nowcasting.
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from nowcasting.