What is forecast basis in SAP IS-U-MACO - SAP for Utilities Marketing Communication?

SAP Term: forecast basis

• Component: IS-U-MACO

• Component Name: SAP for Utilities Marketing Communication

• Description: SAP for Utilities Market Communication An approach that defines how a market location is processed in settlement and billing. How the market location is categorized depends on the measurement technology at the assigned metering locations and in case of an intelligent metering system the supplier's forecast determination. The forecast may be based on interval readings, for example<>,<> for industrial installations. Alternatively, the forecast may be based on standard load profiles or day parameter-dependent load profiles, for example<>,<> for small or private installations.

Smart SAP Assistant

• Key Concepts: 
  Forecast basis is a component of the SAP for Utilities Marketing Communication (IS-U-MACO) module. It is used to create a forecast of customer demand for products and services. The forecast basis is based on historical data, such as customer usage patterns, and can be used to predict future customer demand. 
  
  How to use it: 
  The forecast basis can be used to create a forecast of customer demand for products and services. To do this, the user must first enter the historical data into the system. This data can include customer usage patterns, product sales, and other relevant information. Once the data is entered, the system will generate a forecast of customer demand based on the data. 
  
  Tips & Tricks: 
  When creating a forecast basis, it is important to ensure that the data entered into the system is accurate and up-to-date. This will help ensure that the forecast generated by the system is as accurate as possible. Additionally, it is important to regularly review and update the forecast basis to ensure that it remains accurate and up-to-date. 
  
  Related Information: 
  The SAP for Utilities Marketing Communication (IS-U-MACO) module also includes other components such as pricing models, marketing campaigns, and customer segmentation. These components can be used in conjunction with the forecast basis to create more accurate forecasts of customer demand. Additionally, these components can be used to create more targeted marketing campaigns and pricing models that are tailored to specific customer segments.