inflation data: Nowcast, which already provides real-time inflation data, is aiming to start publishing forecasts for economies including Japan, the U.S., China, India and Taiwan when the product is released as soon as February, according to Hayashi, according to The Japan Times. The financial-technology firm is seeking to sell the service to investors who rely on official GDP figures that are released weeks after the end of each quarter. Based on algorithms that examine changes in the intensity of illumination, as well as a range of published statistics, including those for industrial production and trade, the Tokyo-based company can accurately forecast changes in gross domestic product, Chief Executive Officer Ryota Hayashi said in an interview. Using three-month-old factors in your models is far from ideal, said Hayashi, 31. It's important to get the information quickly. Investors really have strong needs for this kind of product.
(news.financializer.com). As
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