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What is the definition of Nowcasting? A. Using new Big-Data techniques rather than older established techniques to create economic forecasts. B. Using only a single
What is the definition of "Nowcasting"? A. Using new "Big-Data" techniques rather than older established techniques to create economic forecasts. B. Using only a single economic variable to approximate an entire economy's current status. C. Shorter foreceasts using variables that are easier to observe in real time. D. Ignoring a future forecast and only paying attention to an economic variable's current value on which to make decisions
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