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Glossary:Flash estimate

A flash estimate is an early estimate for an economic variable of interest over the most recent reference period and is normally calculated on the basis of a statistical or econometric model. The flash estimate should have a release date appreciably earlier than the first release date of the actual data for that variable.

Although it is likely calculated using a more incomplete set of information than the set used for traditional estimates, it is produced using the same methodology that is employed for the regular estimates. Statistical techniques can help in adjusting the temporary incomplete observations.

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