What-if parameter

What-if analysis, also known as sensitivity analysis, is a method used in data analysis and decision-making to explore what might happen if user change one or more input variables. This technique involves adjusting the values of these inputs to see how they affect the outcome.

It helps to understand the relationships between different variables, especially how changing one variable can impact another. This often involves distinguishing between variables that depend on each other and those that don’t.

By generating What-If parameters, user can predict how changes in one variable might influence others in the future. This helps you focus on the variables that really matter for your business growth.

Steps to create what-if parameter:

Step 1: Click on the “+ Create what-if parameter” option.

Step 2: The “Create What-If Parameter” window prompts users to input the following details:

• Parameter Name: Name for the parameter.
• “Data Type” (Percentage/Decimal): Type of data for the parameter (percentage, decimal).
• Unit of Measure (%/$): Suffix or prefix for the unit of measure (e.g., %, $, million, hours).
• Unit of Measure Position (Prefix/Suffix): Positioning of the unit of measure as a prefix or suffix.
• Slider (min/max value): Minimum and Maximum values for the slider.
• Slider steps (1, 5, 10, or as required): Incremental value for the slider.
• Default Value: Default value for the parameter.

Step 3: Click on “Save” and “Publish.”

To edit and delete the existing what-if parameter:

• Click the “pencil” icon to edit the parameter.
• Click the “trashcan” icon to delete the parameter.