4.2.3 Reference Data Entities
Reference data in a data catalog serves as a foundational component that standardizes and contextualizes data across systems and processes. It represents relatively static datasets used to provide consistency, alignment, and meaning in data-driven workflows. Examples of reference data include Catalog Entity, which organizes and identifies key entities; Currency, which defines monetary units for financial transactions; and Country, which standardizes geographical identifiers. Additional reference data like Forecast Exchange Rate provides predictive currency values essential for planning and analysis, while Macro Economic Variables and Macro Economic Variable Details capture high-level economic indicators and their granular components, respectively. By maintaining centralized, accurate, and easily accessible reference data, the data catalog ensures reliability, fosters interoperability, and enhances the integrity of analytics and reporting processes.
The following are the reference data entities.
Table 4-6 Reference Data Entities
Catalog Entity |
---|
Currency |
Country |
Forecast Exchange Rate |
Macro Economic Variables |
Macro Economic Variable Details |