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For phase I, logic and presentation requirements are simple (no advanced time series algorithms required, only basic operations and minimal UI). However, clean extensible code is required to simplify the other phases. Also unit tests are needed.
The web app should allow me to create and manipulate time series objects (similar to rows in Excel, I will call them Line) with attributes like Name, ID, Type. A Line should have a data point collection (like Excel Cells) also with a set of attributes like StartTime, EndTime, Value, Type, and other attributes (thinking generic Dictionary in .Net but open to suggestions). Cells can have either numeric data or a formula that operates on other cells or other numeric data. Lines can be grouped. Groups can contain a collection of Lines and/or other groups that have their own Lines collection. Also, there should be a way to relate a Line to others i.e. to allow for a Line to "say" that it is the sum or product of other Lines or have a non-math...
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