Economic Indicators in Board Signals

Overview

Starting in version 14.3, Board introduces the Board Signals add-on, enabling users to access curated Economic indicators. These indicators can be added to Screen Objects as Cubes to:

• Enhance forecast accuracy

• Identify emerging trends

• Support data-driven decision-making

Setup Requirements: The Economic indicators add-on must be enabled during instance configuration or version upgrades. An API connection must be established in Foresight.

Step-by-Step: Adding Economic indicators to Cubes

Accessing the Data Model

Once enabled, a new Economic indicators data structure will be available in your Data Model.

Viewing Industry Properties

Once you click on the Economic indicators Data structure, a new screen will appear. This will be populated with the Signals industry activated in your instance, and includes the following properties:

• Industry: The name of the Signals industry (e.g., Retail, Manufacturing)

• Number of Economic Indicators: The total indicators available for that industry

• Description: The region associated with the industry (e.g., United States, European Union)

Viewing and Configuring Indicators

Clicking on an industry opens a modal listing the Economic indicators within that segment. Each indicator includes the following properties:

• Name: A clean, user-friendly name

• Active: A bubble (blue when active); activating this will create a Cube, deactivating it will remove the Cube. See Indicator Activation Behavior.

• Technical Name: The Foresight platform's internal name

• Description: A short explanation of the indicator

Click on an indicator to access two tabs:

• Configuration tab: Activate/deactivate the indicator and/or optionally rename the indicator.

• Details tab: View additional details on the indicator, such as a time-series chart, frequency, data type, units, seasonality, provider ID, number of historical and forecast points, and indicator tags.

Indicator Activation Behavior

When an indicator is activated,

• The Active status is visually confirmed (the row no longer appears greyed out)

• A Cube is automatically created in the Data Model. The Cube is grouped under the corresponding Industry name

• You can now add the indicator directly to Screen Objects as a Cube using the Layout Editor.