Date

16 Aug 2019

Attendees

Agenda

1) Use Case reminder

2) Where we are on our road map.

3) Open Action Items

4) JIRA Issues Review - https://jira.edmcouncil.org/projects/IND/issues/IND-17?filter=allopenissues

5) Todays content discussion.

SMIF OWL-UML

SKOS

RDF/S

6) For next week.

Proceedings:

Primary topics today included a bit more review of the use case, and discussion around how to model weightings. The consensus was that the weighting applies to a constituent of a basket, and is a positive number, but we did not want to constrain it further. Dan has examples where it might not be a straight percentage, and market cap would also fall into that category. We raised IND-81 as the basis for adding weighting to the concept of a basket constituent. We also discussed the need to relate a basket to the overall universe that it selects from - see IND-82.

Links to use cases on the BLS site for the various indicators and related programs:

BLS https://www.bls.gov/
Unemployment https://www.bls.gov/news.release/empsit.toc.htm
1. See the Employment Situation Summary links
Prices
1. Consumer https://www.bls.gov/news.release/cpi.toc.htm
2. Producer https://www.bls.gov/news.release/ppi.toc.htm
3. Import/Export https://www.bls.gov/news.release/ximpim.toc.htm

Per Dan:

Productivity might be something we look at, because it is complex. There is the need to look at establishments in a partitive way, such as by dividing into inputs, labor, materials, outputs. There is also a reliance on the ways a number is calculated.

The latest BLS model can be found here:

Decisions:

Action items

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