FXCIPI   GLOBAL TRADING · COMPARE · RECORD
RELEASE RECORD 04

Keep actual, forecast and revised values in separate fields

Use a hypothetical index release to distinguish a forecast gap, a revision and a period-to-period change without overwriting the original observation.

FXCIPI GLOBAL TRADINGUpdated
FXCIPI editorial cover about recording economic releases and revisions. Cover text in Korean.
Editorial cover · calculations and sources follow below

Four values, three calculations

Assume an invented index actual of 102.4 and a private calendar forecast of 102.1. The previous period was initially reported as 101.8 and is now revised to 102.0. These numbers are instructional, not a real release.

Actual minus forecast is 0.3 index points. The previous-period revision is 0.2 index points. Actual minus revised previous value is 0.4 index points. Using the old 101.8 instead produces 0.6. Always identify the version used. An index-point change is not automatically a percentage-point change.

Forecasts need their own provenance

Store the official release URL separately from the private forecast provider, capture time and units. A market expectation collected by another organisation is not an official BLS forecast.

Preserve the information available at the time

BLS explains that additional information and statistical procedures can lead to revisions. Retain the originally observed release alongside later revised values. Replacing a historical observation with the current value changes what the observer could have known then.

Connect the release record to a price observation

Record release date, reference period, time zone and source. Set price-observation times separately. A price move close to a release does not by itself prove causation. Put simultaneous news, liquidity and possible data delay into the unresolved-conditions field of the journal.

SOURCE NOTES

Check the original sources.

FOLLOW THE QUESTION

Where does this lead?

01Release vintage and revision history02An evidence sheet before writing a release-day briefing03Separate displayed time from candle boundaries
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