Lately, the European energy market has been unusually volatile. Policymakers and other users of European statistics often stress the need for improved timeliness. In the Energy Statistics Nowcasting Challenge, teams will compete 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 document their nowcasting models will win the reproducibility award.
The second round of European Statistics Awards for Nowcasting will begin in June with registrations open until 28 September 2023.
The competition will begin on 1 June 2023 and will run for ten months until 31 March 2024. The deadline for registration is 28 September 2023.
Monthly energy statistics on:
| Accuracy Award | First Prize | EUR 3 000 |
| Second Prize | EUR 2 000 | |
| Third Prize | EUR 1 000 | |
| Reproducibility Award | First Prize | EUR 5 000 |
Teams comprising a maximum of five individuals with diverse backgrounds and expertise in time series analysis, forecasting, or nowcasting are eligible to participate in the competition. This contest presents an exceptional chance to apply your understanding of econometric time series modelling in an actual context and potentially receive up to EUR 8 000 per nowcasted time series. If your team secures the top spot for all three time series, you could earn up to EUR 24 000 in this round.
part of the European Statistics Awards Program and aimed at stimulating innovation in the area of Web Intelligence for European statistics, focusing on identifying potential duplicate job postings on websites as a basic condition to produce high quality statistics from online job advertisements,
is currently in the evaluation phase. Both the final deadline for the Accuracy Award and the Accuracy Plus Award have passed on 31 March 2023 while the submission deadline for the Reproducibility Award passed on 16 April 2023.
Stay tuned for the results of the official evaluation to find out who will receive which award!
| Award | First Place | Second Place | Third Place |
|---|---|---|---|
| Accuracy | €10 000 | €4 000 | €3 000 |
| AccuracyPlus | €3 000 | €2 000 | €1 000 |
| Reproducibility | €10 000 | €4 000 | €3 000 |
divided into 3 separate competitions, each focusing on the nowcasting of one economic indicator (PPI, PVI, Tourism), aimed at discovering promising methodologies and potential external data sources that could, now or in the future, be used to improve the timeliness of key EU economic indicators,
is currently in the evaluation phase. The final deadline for the Accuracy Award passed on 30 April 2023 while the submission deadline for the Reproducibility Award passed on 15 May 2023.
Stay tuned for the results of the official evaluation to find out who will receive which award!
| Award | First Place | Second Place | Third Place |
|---|---|---|---|
| PPI Accuracy | €3 000 | €2 000 | €1 000 |
| PPI Reproducibility | €5 000 | - | - |
| PVI Accuracy | €3 000 | €2 000 | €1 000 |
| PVI Reproducibility | €5 000 | - | - |
| Tourism Accuracy | €3 000 | €2 000 | €1 000 |
| Tourism Reproducibility | €5 000 | - | - |
Stay tuned for more information and follow us via our social media!
