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.
6) For next week.
Reviewed the diagram that Chris created ages ago with respect to market indices and what comprises an index, their relationships, etc. One area we don't cover is the notion of a composite index, and of benchmarks comprised of multiple indices. See, for example, https://www.investopedia.com/terms/c/cili.asp.
We determined that there is some overloading going on in the ontology that munges the notion of a fixed basket with the notion of a basket of consumer goods and services. To address this we raised issue IND-101, which says "Need to distinguish the notion of a consumer basket from one that consists of instruments and/or indices".
We are also missing the expression required to calculate market capitalization. We have capitalization-based weighting function but not the connection to the expression that would calculate the market cap of the consituents of the index. See IND-102 for this one.