What is planning model in SAP LOD-ANA - SAP Analytics Cloud?

SAP Term: planning model

• Component: LOD-ANA

• Component Name: SAP Analytics Cloud

• Description: A preconfigured model structured for business planning tasks such as forecasting to support and streamline the planning process. A planning model is always based on import data connections, except for those that use live data connections to SAP BPC embedded.

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• Key Concepts: 
  A planning model in SAP Analytics Cloud (LOD-ANA) is a set of data structures and calculations that enable users to create and manage their own planning scenarios. It allows users to define their own data models, create calculations, and visualize the results. The planning model is used to create a budget, forecast, or other type of plan. 
  
  How to use it: 
  To use the planning model in SAP Analytics Cloud, users must first define the data model. This includes defining the data sources, setting up the dimensions and measures, and creating any necessary calculations. Once the data model is set up, users can then create their own planning scenarios. This includes setting up the time periods, defining the assumptions, and creating any necessary calculations. Finally, users can visualize the results of their planning scenarios using charts and tables. 
  
  Tips & Tricks: 
  When creating a planning model in SAP Analytics Cloud, it is important to ensure that all of the data sources are properly linked together. This will ensure that all of the calculations are accurate and that the results are consistent across all of the scenarios. Additionally, it is important to ensure that all of the assumptions are properly defined so that they can be used in any future scenarios. 
  
  Related Information: 
  For more information on how to use the planning model in SAP Analytics Cloud, please refer to the official documentation provided by SAP. Additionally, there are many online tutorials available that provide step-by-step instructions on how to set up a planning model in SAP Analytics Cloud.