Automotive

By Maia Mindel (mmindel@alphacast.io) Read more Alphacast Highlights here In this hands-on guide, we will show you how to use Alphacast Pipelines to create coincident indeces and monitor key economic variables. What is a coincident index? A coincident index provides a gauge for the movement of a key economic variable through the use of related data series. In this case, the coincident investment index mirrors two of the two largest components of GDP, Private Consumption and Private Fixed Investment. Since both indeces have a certain complexity, the methodology will be shown separately, though there are major similarities between the two. How to make the Investment Index In this case, we will show you how to create the coincident investment index. The index is divided in sections, which are weighed in accordance with their relevance to the variable at hand, and estimated using the latest available data for each. Given that the index uses the Alphacast pipelines engine and data available on the platform's database, that means that the Index will be updated to reflect it as soon as the data is uploaded in the Alphacast site - in a completely automated manner. The first step is identifying the data series...