What is calculated index definition in SAP IS-U-FPC - Formula-Based Price Calculation?

SAP Term: calculated index definition

• Component: IS-U-FPC

• Component Name: Formula-Based Price Calculation

• Description: A set of data that describes the attributes of a calculated index value date/value pair. A unique number is assigned to each calculated index definition.

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  Key Concepts: 
  Calculated index definition is a feature of the Formula-Based Price Calculation (FPC) component of SAP IS-U. It allows users to define a formula for calculating an index value based on the values of other fields. This index value can then be used in other formulas to calculate prices. 
  
  How to use it: 
  To use the calculated index definition feature, users must first define the formula for calculating the index value. This formula can include any number of fields from the FPC component, as well as any mathematical operators. Once the formula is defined, users can then use the index value in other formulas to calculate prices. 
  
  Tips & Tricks: 
  When defining a formula for calculating an index value, it is important to ensure that all fields used in the formula are valid and up-to-date. Additionally, it is important to ensure that the formula is accurate and produces the desired results. 
  
  Related Information: 
  For more information on using calculated index definitions in SAP IS-U FPC, please refer to the SAP Help documentation.