5.1.4 Economic Indicators
An Economic Indicator is any economic statistic such as the Consumer Price Index (CPI), growth rate of the Gross Domestic Product (GDP), unemployment rate, Purchasing Managers Index, indices of consumer confidence, and so on. Such macroeconomic statistics tell us how well the economy has behaved in the past. Some economic indicators are referred to as lagging indicators while others are classified as leading indicators. Leading indicators can provide insights into the future direction of the economy.
Economic Indicators Module allows you to define and store such historical indicators. It provides baseline from which forecasts of future values can be generated that can affect cash flow calculation for Inflation Indexed Instruments, new business or other modeling assumptions.
To view the Economic Indicators, navigate to Maintenance and then select Economic Indicators, an empty window is displayed. After you have defined one or more Economic Indicators, the Economic Indicators Summary Page shows all the Economic Indicators that you have previously defined.
Economic Indicator Rule Summary
This page is the gateway to all Economic Indicator Rules and related functionality. You can navigate to other pages relating to Economic Indicator Rules from this point.
Figure 5-10 Economic Indicator Summary
Search Economic Indicator Rule
Prerequisites: Predefined Economic Indicator Rule
To search for an Economic Indicator Rule:
Click Search after entering the search criteria. The search results are displayed in a table containing all the Economic Indicator Rules that meet the search criteria.
Or
The other method to search an Economic Indicator Rule is using the Field Search option. The Field Search is an inline wildcard UI search that allows you to enter value partially or fully and the rows that match the entered string in any of its column is fetched in the Summary table. Enter the Code, Name, Description, and Country of the Economic Indicator Rule and click Search .
The Economic Indicator Rule Summary displays the following information:
Add: Click the Add icon on the page header to build a new Economic Indicator Rule.
Multiple Delete: Enables you to select and delete one or multiple rules in the table simultaneously.
- Code: The Economic Indicator Rule's code.
- Country: The Country of for which Economic Indicator has been defined.
- Frequency: The Frequency at which value of Economic Indicator is expected to be updated.
- Hierarchy: Hierarchy that is used to define Economic Indicator Rule.
- Value Type: The Value Type of an Economic Indicator.
- Created By: The Name of the user who created the Economic Indicator
- Created Date: The Date and Time at which the Economic Indicator was created
- Last Modified By: The user who last modified the Economic Indicator Rule.
- Last Modified Date: The Date and Time when the Economic Indicator Rule was last modified.
- Access Type: The access type of the rule. It can be Read-Only or Read/Write.
- Action: Click this icon to view a list of
actions that you can perform on the Economic Indicator Rule.
- View/Edit: Based on the user privilege assigned, you can either only view or edit existing Economic Indicator Rules. To edit a rule, you must have Read/Write privilege.
- Save As: You can reuse the Economic Indicator Rule by saving it under a new name thus saving time and effort in entering data multiple times; it also leads to reduced data entry errors.
- Delete: You can delete Economic Indicator Rules that you no longer require. Note that only Economic Indicator Rule owners and those with Read/Write privileges can delete Economic Indicator Rules. A Economic Indicator Rule that has a dependency cannot be deleted. A rule cannot be retrieved after deletion.
- Dependency Check: You can perform a dependency check to know where a particular Economic Indicator Rule has been used. Before deleting a rule, it is always a good practice to do a dependency check to ensure you are not deleting Economic Indicator Rules that have dependencies. A report of all rules that utilize the selected Economic Indicator Rule is generated.
Also See: