The topic of the twentieth episode of the second season of the „Efekt Sieci” podcast is nowcasting. Can you predict the present? And if so, based on what data?
Mariusz Malinowski, a doctoral student at the Faculty of Economic Sciences of the University of Warsaw, shares his expert knowledge and research results on this topic, answering questions from Dr. Justyna Pokojska about:
- the differences between nowcasting and traditional observation and description,
- the areas in which the method is applicable,
- the data from which the present is „predicted”,
- ways to use data from, for example, web searches or the digital footprints we leave behind in other contexts,
- method limitations,
- ways to clean data.