Satellite night-time light data could forecast US exports – Fed paper
Night-time lights offer a quick and accurate picture of economic activity, researchers say
Satellite photographs of countries’ night-time lights could be used to forecast US exports, says a paper published by the Federal Reserve Bank of Kansas.
“We find that a forecasting model using monthly lights data generates significantly lower forecasting errors than a quarterly GDP model,” say the authors, Jun Nie and Amy Oksol.
The researchers have created an index of economic activity of US major trading partners based on night-time lights. Satellite images show different countries’ night
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