Center for Business and Economics Research at Marshall University
$10,000 in AWS Promotional Credits
The Center for Business and Economics Research at Marshall University (CBER) will
bring economic “Nowcasting,” the practice of estimating the current
state of the economy in real time, to West Virginia through a
state-of-the-art economic Nowcast that estimates current economic
conditions before official data is released.
Nowcast estimates update all hours of the day, year-round. Pre-released state-level
indicators on employment, earnings and price levels are combined
with public and high-frequency indicators from sources such as
the Federal Reserve, Bureau of Economic Analysis, Bureau of Labor
Statistics, the Census Bureau, Google Trends and Indeed to estimate
market conditions in West Virginia.
Motivated by Focus Forward: Minds and Machines’ emphasis on AI’s ability to provide
valuable data to leaders, the project will allow West Virginia
policymakers, state agencies, economic development organizations,
workforce partners, businesses, academic researchers and community
leaders to access timely economic information as needed.