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Siebel Loyalty Administration Guide > Setting Up Siebel Loyalty Promotions > Formulas in Siebel Loyalty > Overview of FormulasFormulas allow you to create and store a set of objects and operators specific to a Loyalty Program. You can calculate values based on input from third parties and then take the resulting value into account within a promotion. Similarly to other objects, formulas are available for use in other promotions. For example, a formula can calculate the average amount spent by a member in a specified period. Then the criteria can check whether the formula is greater than a predetermined dollar amount and have an action to reward a member a percentage of the formula value. Formulas have the following characteristics:
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