Energy Market Terminology

1 words in this vocabulary list

noun a method of very short-range weather forecasting based on the observation and interpretation of current weather conditions

  • Nowcasting is a method used in meteorology to provide real-time weather forecasts.
  • I rely on nowcasting to check the weather before heading out.
  • I'm nowcasting to see if it's going to rain before I go for a run.
  • In the fast-paced world of finance, nowcasting is essential to make quick decisions based on current data.