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nk027 avatar nk027 commented on August 11, 2024

So I worked on adding that. @oDNAudio, can you maybe review dl_fred_qd.R whether it works correctly?
Also how should we name the transformed data - just fred_qd_trans?

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oDNAudio avatar oDNAudio commented on August 11, 2024

Reviewed it, cross-checked a few series and seems to work fine in general.
Changed the way second differences are calculated though.
Also multiplied the series which are transformed via differences by 100, to make it easier to interpret for the user.

About the naming, I think fred_qd_trans is fine, no need for a fancier name I guess.

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nk027 avatar nk027 commented on August 11, 2024

Danke, sieht deutlich besser aus 💯.
The database is detrended already, right? Cause in the examples we compare the quarters (every 4th) - I skimmed the paper again and maybe that's not necessary?

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oDNAudio avatar oDNAudio commented on August 11, 2024

Yes, I think so. In the paper we compute yoy-change rates for some variables, I think the main idea was to enhance interpretability. However, it's not really necessary, that's true.

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nk027 avatar nk027 commented on August 11, 2024

Looking good!

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