What is variance in SAP LOD-ANA - SAP Analytics Cloud?

SAP Term: variance

• Component: LOD-ANA

• Component Name: SAP Analytics Cloud

• Description: A difference between two data values, such as time periods or categories.

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• Key Concepts: 
  Variance is a measure of the difference between two values. In SAP Analytics Cloud, variance is used to compare two different sets of data, such as actual and budgeted values. It can be used to identify areas where performance is not meeting expectations. 
  
  How to use it: 
  In SAP Analytics Cloud, variance can be calculated by selecting the “Variance” option from the “Calculations” menu. This will display a graph showing the difference between the two sets of data. The graph can be further customized by selecting different options from the “Options” menu. 
  
  Tips & Tricks: 
  When calculating variance in SAP Analytics Cloud, it is important to ensure that the two sets of data being compared are in the same format. For example, if one set of data is in currency format and the other is in percentage format, the variance calculation will not be accurate. 
  
  Related Information: 
  For more information on variance and other calculations available in SAP Analytics Cloud, please refer to the official documentation available on the SAP website.