6. Using Macrobond data in Excel
Far be it from us to tell you where you work best. At times, what works best for you might be Excel, even if you still want the benefits of using the Macrobond database. Working with Macrobond data in Excel can be very efficient, and probably more flexible than you’d expect.
Accessing Macrobond data in Excel - overview video
[01 Excel Add-in - Introduction]
This video will introduce you to downloading Macrobond data for use in Excel. You can either start in Excel and perform a direct download using the Macrobond add-in. Or you can start in the Application and download the calculations you’ve performed there to Excel. We’ll also have a quick look at how to update the data you’ve downloaded.
[02 Add-in grouping]
To start, click on the Macrobond tab to access the tools. For now, we’ll focus on these tools, here. The remaining tools are used for editing datasets, as well as uploading your own data to be used in Macrobond. We’ll cover these in a later tutorial.
[03 Downloading - Direct]
If you’re working in excel and would like to download data directly, you’ll use the Overview or All series buttons under the Macrobond tab. You can either select from a list of key indicators or from all the data in the application. As a quick example let’s look into Flow of Funds data for the US. This gives you the option of going through all the different categories to select what you’d like to download. Once downloaded the data will be organized in the same way as it is presented when selecting it.
[04 Downloading – Metadata]
You can also view series metadata. You’ll see here that there are options for making changes to the data before downloading, but we’ll look at those options in a later tutorial.
[05 Downloading – Macrobond document]
Let’s say you’d like to apply more advanced calculations to the data, then this is a good method to use. It is typically much simpler to apply certain analyses in the application than it would be to use an Excel formula to do so. To demonstrate, let’s look into the National Accounts data for India. These time series are not seasonally adjusted so, after finding the data, you’d perform the analysis in Macrobond and then simply copy the analyzed data, and paste it into Excel.
[06 Downloading – Dataset object]
This red block is called the Dataset object, it contains all the information about the downloaded dataset. It also acts as a reference for where the data is located in the sheet. So, don’t delete it. If you’d like to move or make changes to the dataset object have a look at the follow up material on this topic in the Curriculum.
[07 Downloading – Refresh]
If you want to update the downloaded datasets to reflect the latest data release, click on Refresh. Charts are also automatically updated using the same mechanism.
[08 What’s next?]
In this video, we covered the two main options for downloading data and refreshing it. To learn more about working in Excel have a look at some of the follow up material covering topics like making changes to Macrobond time series and data sets, performing dynamic queries, using Excel to upload your own time-series to Macrobond, as well as the next steps for working with data in Excel.