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

SAP Term: standardized profit

• Component: BI-RA-PA

• Component Name: SAP Predictive Analytics

• Description: Profit allowing the examination of the contribution of the model generated by components relative to a model of random type.

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• Key Concepts: 
  Standardized profit is a measure of profitability that is calculated by taking the total profit of a company and dividing it by the total sales. This allows for comparison between companies of different sizes and in different industries. It is a useful metric for understanding the overall profitability of a company. 
  
  How to use it: 
  Standardized profit can be used to compare the profitability of different companies, as well as to measure the performance of a company over time. It can also be used to compare the performance of different divisions within a company. 
  
  Tips & Tricks: 
  When using standardized profit, it is important to consider other factors such as overhead costs and taxes, which can affect the overall profitability of a company. Additionally, it is important to consider the industry in which the company operates, as different industries have different levels of profitability. 
  
  Related Information: 
  BI-RA-PA SAP Predictive Analytics is a tool that can be used to analyze and predict financial performance. It can be used to analyze standardized profit and other financial metrics, as well as to identify trends and patterns in financial data.