What is customized profit in SAP BI-RA-PA - SAP Predictive Analytics?

SAP Term: customized profit

• Component: BI-RA-PA

• Component Name: SAP Predictive Analytics

• Description: Profit that allows you to associate both a cost and a benefit to each value of the target variable.

Smart SAP Assistant

• Key Concepts: 
  Customized profit is a feature of SAP Predictive Analytics that allows users to create custom profit models. This feature enables users to create models that are tailored to their specific business needs and objectives. The models can be used to predict future profits and losses, as well as identify areas of potential improvement.
  
  How to use it: 
  To use the customized profit feature, users must first create a model. This can be done by selecting the appropriate data sources and then defining the parameters of the model. Once the model is created, users can then use it to generate predictions and insights about their business.
  
  Tips & Tricks: 
  When creating a customized profit model, it is important to ensure that the data sources used are accurate and up-to-date. Additionally, it is important to consider the objectives of the model when defining its parameters. This will help ensure that the model is tailored to the user’s specific needs and objectives.
  
  Related Information: 
  For more information on SAP Predictive Analytics and its features, please visit the official SAP website at https://www.sap.com/products/predictive-analytics.html. Additionally, there are many online resources available that provide tutorials and tips on how to use SAP Predictive Analytics effectively.