R/nowcasting.R

In guilbran/nowcasting: Nowcast Analysis and Create Real-Time Data Basis

#' @title Nowcast Analysis and Create Real-Time Data Basis
#'
#' @description 
#' This package is an initiative of the Center for Statistical and Computational Methods (NMEC) belonging to the Brazilian Institute of Economics (IBRE) of the Getúlio Vargas Foundation (FGV). Our goal is to develop a real-time predictive measure of Brazilian GDP that helps IBRE researchers in their analysis about the Brazilian economy.
#' 
#' The purpose of this package is to disseminate to the community of \code{R} users the statistical tools and techniques of 'nowcast' already known in the academic literature. One can find in this package a simple and practical way to reproduce several of these techniques for their studies.
#' 
#' In this preliminary version of the package we present only one method, based on a seminal article in this literature:
#' \emph{Giannone et al. 2008}
#' This is one of the seminal works in the nowcasting area. Some functions are adaptations and translations of this paper's \emph{replication files} avaible in MATLAB and RATS. One can find these \emph{replication files} in the following url:
#' \url{https://www.newyorkfed.org/research/economists/giannone/pub}
#'
#' @note The authors would like to thank the support by the Getulio 
#' Vargas Foundation (FGV).
#' 
#' @author Daiane Mattos \email{daiane.mattos@fgv.br},
#'         Guilherme Branco \email{guilherme.branco@fgv.br},
#'         Pedro Costa Ferreira \email{pedro.guilherme@fgv.br}
#' @references Giannone, D., Reichlin, L., & Small, D. (2008). Nowcasting: The real-time informational content of macroeconomic data. Journal of Monetary Economics, 55(4), 665-676.<doi:10.1016/j.jmoneco.2008.05.010>
#' 
#' Bańbura, M., & Rünstler, G. (2011). A look into the factor model black box: publication lags and the role of hard and soft data in forecasting GDP. International Journal of Forecasting, 27(2), 333-346. <doi:10.1016/j.ijforecast.2010.01.011>
#' 
#' Bańbura M., Giannone, D. & Reichlin, L. (2011). Nowcasting, in Michael P. Clements and David F. Hendry, editors, Oxford Handbook on Economic Forecasting, pages 193-224, January 2011. <doi:10.1093/oxfordhb/9780195398649.001.0001>
#'
#' @docType package
#' @name nowcasting
#'
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