1. nowcast - Noun
2. nowcast - Verb
To predict the weather for a very short upcoming period (usually a few hours).
(statistics, modelling) To estimate what is currently happening based on knowledge of how data is biased.
(meteorology) A weather forecast predicting the weather for a very short upcoming period, usually only a few hours.
(statistics, modelling) An estimate made by nowcasting.
Source: en.wiktionary.orgThe NY Fed Nowcast tracks 2Q growth at -31. Source: Internet