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Individual Day Configuration

Allows you to configure every day of the week separately, if checked. If unchecked, only one configuration area will be visible, which means that you configure once and the information is copied to the other days of the week.

Regression

Use regression analysis to perform the calculations.

Options:

  • Related KBI. Allows you to select a KBI(s) whose data will be analyzed to determine the value of the KBI you are configuring.
  • Operation. Allows you to choose the type of mathematical operation to be performed.
    • Add. Allows you to add to the current value of the independent value to the KBI you are forecasting
    • Independent. Indicates that the associated KBI name is an independent value to be used in the regression calculation.
    • Subtract. Allows you to subtract the current value of the selected KBI from the KBI you are forecasting.

Trend Adjusted Exponential Smoothing

Use trend adjusted exponential smoothing (TAES) to perform the calculations.

Trend-adjusted exponential smoothing is a forecasting technique that uses information regarding (1) average business volumes in the past, and (2) trends observed in volumes in the past (up-swing or down-turn) to develop a forecast of future demand. This new method improves upon the original method and works as follows:

  • It incorporates a weighted average of actual business volumes using up to 15 data points.
  • It incorporates a weighted average of trends—up-swings and down-turns—in business volume.
    • It employs mathematical logic to determine the optimal weights to be used for both average business volume and average trend that result in minimized forecast error over the time period analyzed. 

    For more information, see Trend-Adjusted Exponential Smoothing.

    Options:

    • Related KBI. Allows you to select a KBI whose data will be averaged to determine the value of the KBI you are configuring.Usually, the KBI you select is the KBI you want to forecast using TAES. (For example, if you want to use a TAES to forecast Dinner Covers (KBI 101), select Dinner Covers as the related.

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