Octave Band Levels

No it can't, I'm afraid. There was a putative attempt to add both this and 1/3 octave analysis years ago, but it got dropped through lack of support. That, and the fact that there are any number of free VST plugins that will do this. Here are a couple:

https://www.voxengo.com/product/anspec/

https://www.siraudiotools.com/Spectrum-Analyzer.php

Also look at https://www.looperman.com/free-music-software/tags/best-free-vst-au-spectral-analysis-plugins-instruments-software-pc-mac-linux