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Siebel Forecasting Guide > Forecasting >
Creating a Forecast
A forecast is a snapshot of revenues over time. The following procedure explains how to create a forecast.
To create a forecast
- From the application-level menu, choose View > Site Map > Forecasts > My Forecasts.
- In the Forecasts list, click the menu button, and then click New Record.
- Click the Forecast Series select button.
- In the Pick Forecast Series dialog box, select the forecast series you are basing this forecast on, and then click OK.
- Click the Forecast Date select button.
NOTE: By default, when a forecast is issued for the first time, the Siebel application uses the system date as well as the date for the master forecast and bases the forecast on the nearest future date. For instance, the end user creates a master forecast, named Revenue, and enters three master forecast dates: 05/01/2001, 06/01/2001, and 07/01/2001. If the end user forecasts on 5/22/01, then the forecast is for the period 06/01/2001. If the end user forecasts on 06/01/2001, then the forecast is for the period 06/01/2001. Forecasting always uses a future date. End users can override the forecast date by changing it. End users can even change one that is for a date that has already passed, and then generate the forecast.
- In the Pick Forecast Date dialog box, select the forecast date you want to apply to this forecast, and then click OK.
Step off the forecast or save the record to generate the forecast.
The forecast record's revenue fields (revenue, cost, margin, and expected revenue) are calculated. See the following table for more information about what information is contained in each field:
NOTE: When a manager forecasts, the application automatically creates forecasts for subordinates who are listed as participants of that series that have not already been forecasted. To disable this feature, see Inactivating Auto-Forecast (Administrator).
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Siebel Forecasting Guide Published: 18 April 2003 |