# Nowcasting Recessions using the SVM Machine Learning Algorithm

arXiv: https://arxiv.org/abs/1903.03202 · HTML: https://mlsanity.com/paper/1903.03202/

## Key facts

- Cited by 1 papers in the map (data through 14 Oct 2026).
- First posted on arXiv 17 Feb 2019.

## Built on by (most cited first, 1 of 1)

- [Economic Recession Prediction Using Deep Neural Network](https://mlsanity.com/paper/2107.10980/) (2021)

## Abstract (arXiv)

We introduce a novel application of Support Vector Machines (SVM), an important Machine Learning algorithm, to determine the beginning and end of recessions in real time. Nowcasting, "forecasting" a condition about the present time because the full information about it is not available until later, is key for recessions, which are only determined months after the fact. We show that SVM has excellent predictive performance for this task, and we provide implementation details to facilitate its use in similar problems in economics and finance.