Eurostat is pleased to announce the 2nd round of European Statistics Awards on Nowcasting starting in June 2023. The competition aims at stimulating innovation in the area of Nowcasting for European statistics. In the ENERGY STATISTICS NOWCASTING CHALLENGE, teams will focus on using advanced modelling techniques and (nearly) real-time auxiliary data, to come up with nowcasts for key energy time series way ahead of the official figures. The nowcasts that are closest to the official European statistics will be rewarded for Accuracy, and the team that best documents their nowcasting models will win the Reproducibility Award.
The competition will begin on 1 June 2023 and will run for ten months until 31 March 2024. Register by 28 September 2023 and try your chances on your own or with a team of peers. You can win up to €8 000 per nowcasted time series. If your team secures the top spot for all three time series, you could earn up to €24 000 in this round.
For more information on the European Statistical Awards Programme, please refer to the European Statistics Awards website or drop us a line to learn about any further details.