Using the Series list

In every Macrobond document you build, the analyses and chart presentations you apply to the data are added to a tree schema - called the Analysis tree. What we are going to look at now is the first branch of the analysis tree, the Series list. Any changes you make to the series list will influence the analyses and presentations that follow.

Introduction

The Series list is the first node of the Analysis tree, and opens to the right to show all the data. The purpose of the Series list is to prepare the series for further analysis and presentation by converting all series to a common calendar and filling in missing values. You can also convert series to a common currency, add forecasts, and set a data range.

Series list 

Expression and Description

Series added to a document are listed in the Series List, and are comprised of two components.

  • Expression - the series name e.g. eubank0133
  • Description - e.g. Euro Area, ECB Consolidated Balance Sheet & Flows of MFI Sector, Eurosystem, Total Assets & Liabilities, All, EUR

In the Series list you’ll see the time series described relative to data attributes, such as:

  • Region
  • Category
  • Series title
  • Inflation adjustment
  • Seasonal Adjustment
  • Unit

The series descriptions are automatically used in charts, either in the heading or in the chart legend. You may want to change these descriptions manually, especially if they are too long.

How to add/remove series from expressions

Unless you know exactly which series you want to look at, building a new document is often a trial-and-error process of finding the data that works best. Learning about the different options to add and remove time series from a document will ensure that this process is as quick and effective as possible.

Adding series

From Browse/Search

In both cases panel on Actions ribbon will do the trick. Simply click on series which you want to add, either from Browse tree or Search and next go to Actions ribbon > Add to document.

From Analytics Series browser

The situation looks a little different in case of Analytics tab. Here you can choose series from Series browser and double-click on it. You can also select series and click on Add selected time series button. After both actions selected series will be included in Series list.

It's worth to remember that you can select more than one series by pressing Ctrl when clicking on these series or select all available series by pressing Ctrl+A on your keyboard.

Removing series

To permanently remove the series from the document, right-click on the series in the Series list and select Delete. You can also select series you want to remove and press Delete key. This action will delete this time series from the document, including any analyses or charts it was used in.

To remove a series only from a chart, simply right click on it in the chart and select Delete or open Graph layout (Ctrl+L) and remove it from there.

How to edit the descriptions?

There are two options for editing descriptions: a simple edit and an advanced edit.

Simple edit

  1. Double click on the description in question, in the Series list
  2. Type in the desired description
  3. Hit Enter.

Advanced edit

  1. Click once on the series description to highlight it
  2. Navigate to the presentation properties in the command bar, above
  3. Select an option from the drop-down menu

  • Automatic – will use the default series description
  • Custom – select this and click on edit to modify the text manually
  • Expression – applies the Macrobond time series code
  • Reference – will use the default series description, to which you can add custom text that will be used in the chart legend

Please bear in mind that the description entered in the Series List will later be used in the document across all of its functionalities and in the chart titles and legends.

Formula editor

To use the formula language to customize your calculations beyond the options available via the analysis tree click on the 'fx' button to open formula editor. It's located to the right of the series name in the Expression field. The name of the series in that field will automatically be added to the editor.

You'll find a selection of formulas in a list to the right of the editor.

The order of operations

When making modifications to the data in the series list, certain operations are necessarily prior to others. Please bear this in mind as it will affect any further changes that are made. Whether you perform all, or only a few of the modifications available, you should proceed in the following order:

  1. Add forecasts to the relevant series in the list
  2. Select how to harmonize the observations, and how to treat missing values
  3. Select the currency conversion
  4. Apply the data range, to limit all the time series to a specific range of time.
  5. Finally, select the frequency, and if necessary a method for frequency conversion.
  6. Apply formulas to the various series in the list.

Drop-downs

Frequency

Here you can choose frequency of the document. By default, it will position itself at the Highest frequency available from all series included in document.

This setting is related to Conversion settings tab. For more information see: Changing the frequency of a series.

Observations

Here you can choose how inconsistencies between different calendars should be handled. For more information see: Observations settings.

Currency

Here you can choose to which currency should all series on Series list be calculated. The Currency conversion feature will use an exchange rate series available in Macrobond, matching the original frequency of the series (before any changes made in the frequency of the document). If such series do not exist, Macrobond will either:

  • Use the US Dollar to calculate a cross-currency rate (in case it doesn’t find a direct exchange rate series)
  • Use an exchange rate series with a higher frequency (in case it doesn’t find an exchange rate series matching the original frequency of your series), using the first value of the period.

After activating this feature in Conversion settings tab option 'Currency conversion method' will become available. For more information about these methods see: Currency conversion.

Data range

Here you can quickly narrow time range of all series on Series list. It will be applied at the beginning of all further calculations and analyses.

Tabs

Conversion settings

When you change frequency of the document you can control how program will handle the process. You can select same setting for all series or separately for each of them. Note that the lowest frequency is Annual and highest is Daily. Setting 'Partial periods to lower frequency method' will tell program what to do for example with not-full-year when changing frequency to Annual.

Beside frequency conversion you can select here what to do with missing values - this is the only place for this setting and also method for currency conversion. For more information see: Changing the frequency of a series and Currency conversion.

Interface is very similar as in Frequency conversion analysis but this tab can only change frequency at the beginning of all calculations.

Forecasts

Here you can add forecast at the beginning of all calculations. For more information see: Adding forecast.

Interface is same as in Forecast analysis but this tab can only add forecast at the beginning of all calculations.

Document series

You can quickly add your own data by creating document in-house here. This in-house will be visible only in that particular document and nowhere else. For more information see: Document Series – adding external data.

Series information

You can use the Series information tab to check metadata information for series you have selected in the Series list. This is an easy way to check series metadata without having to leave the analysis tree.

Fore more information about customization and things available through this feature see: Series information.

Lists

This feature is available in Macrobond 1.24 and later.

Here you can organize large numbers of series into handy lists on which you can then calculate. For more information see: Lists of series.