Quants Use Nowcasting As Covid Crystal Ball
Experts from UBS, Unigestion, MIT and QuantConnect discuss the need for nowcasting, and what the alt data boom has made possible in trying to navigate today’s crisis.
As the effects of the coronavirus continue to ripple through parts of the world and its economies, quants are navigating the pathogen and its effects with the help of nowcasting—a portmanteau of “now” and “forecasting” that uses unstructured and structured data to predict possible scenarios happening at present or in the very near future.
The concept of nowcasting isn’t new, but it’s gained notoriety throughout the crisis as investors, researchers, and analysts are hungry for real-time data on
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