As part of the labor planning process, you review revenue center forecasts, apply forecast environments (if necessary), and override system forecasts with your own forecasts. In LMS, this step is accessed from the Planning screen.
Accessing the Revenue Center Forecasting screen
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the
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Planning
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screen
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.
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The Revenue Center Forecasting screen
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The Revenue Center Forecasting screen displays forecast data for an organization's revenue centers. On the Revenue Center Forecasting screen, you can do the following:
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For more information on the tasks you can perform, see Working with the Revenue Center Forecasting screen.
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the Revenue Center Forecasting screen
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Only revenue centers to which you have access are available.
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Legend
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Opens the Legend dialog box
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—In recent weeks with the same business conditions, on average the system forecast was within 4 % of the actual business volume.
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—In recent weeks with the same business conditions, on average the system forecast was within 5% to 9% of the actual business volume.
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—In recent weeks with the same business conditions, on average the system forecast was within 10% to 14% of the actual business volume.
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—In recent weeks with the same business conditions, on average the system forecast was within 20% of the actual business volume.
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—No System Forecast Available.
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—Forecast has been edited manually.
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—A forecast environment has been applied to a revenue center.
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The overall status of the forecast for the day. For each day, the cell displays one of the following:
- If the system could not return a forecast for one or more KBIs for the day, a Needs Attention icon is displayed.
- If a system forecast is available for all KBIs for the day and if at least one KBI forecast has been edited, a pencil icon (
) is displayed. - If a system forecast is available for all KBIs for the day and if none of the KBI forecasts have been edited, a variance icon is displayed. This icon shows the KBI with the worst system forecast accuracy for that day.
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The details pane is available for each KBI.
To open the KBI Details section:
- Click the arrow (
) in front of the KBI for which to view details.
The table expands to display details and statistics under the KBI.
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Forecast environment applied to the KBI.
If a forecast environment is applied to a KBI, the name of the forecast environment appears in the cells and a Change button is available. If a forecast environment is not added to a KBI, an Add button is available.
You can add, change, or remove forecast environments.
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During the past four weeks with the same business conditions, on average the system forecast was within X units and Y percent of the actual business volume.
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The volume forecast generated by the system.
In each cell, the number indicates the system forecast value and the icon indicates the recent average variance of the system forecast to the actual business volume.
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Manually entered forecast by a manager. If there is no manager forecast, the cell is blank.
Enter a value if you feel that you can better predict the volumes for the day. If there is a manager forecast, the system uses that value instead of the system forecast in schedule calculations.
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Additional statistics that are helpful in finalizing forecasts of business volumes:
- Last Week—Actual business volume for the same day last week.
- Last Year—Actual business volume for the same day last year.
- 4-Week Averages—Average business volume for the same day for the last four weeks.
- Forecast Available Guests—Number of guests available to patronize the business on a given day and revenue center period. This is only displayed for KBIs forecasted using statistical regression.
- Forecast Capture—Forecast percentage of guests who will patronize the business on a given day in a revenue center period. This calculation uses the KBI configured as the capture KBI in the KBI configuration.
- Last Week Capture—Actual percentage of guests who patronized the business on the same day last week in a revenue center period. This calculation uses the KBI configured as the capture KBI in the KBI configuration.
- Last Year Capture—Actual percentage of guests who patronized the business on the same day last year in a revenue center period. This calculation uses the KBI configured as the capture KBI in the KBI configuration.
- 4 Week Average Capture—Average percentage of guests who have patronized the business on the same day for the last four weeks in a revenue center period. This calculation uses the KBI configured as the capture KBI in the KBI configuration.
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Related topics:
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