This part of the Oracle MICROS Forecasting and Budget User Guide is intended for system administrators. A system administrator uses enterprise business requirements to configure and calibrate forecasting for an organization. Forecast configuration consists of:
Creating and configuring forecast profiles.
Assigning profiles to locations and revenue centers.
Configuring historical data for new locations or revenue centers.
Configuring the percentage which users and user roles can edit forecast profiles.
For example, if you create a new location or revenue center, you can configure forecasting by:
Assigning a historical data seed to the location or revenue center.
Selecting an existing forecast profile, or creating a new forecast profile to fit the specific requirements.
Assigning up to four profiles to the new location or revenue center.
Configuring the edit restrictions for the profile.
You can configure the variance parameters for evaluating the performance of forecasts based on actual amounts. You can use this feature to set ratings for variance ranges and to require a reason, such as when a rating far exceeds a forecast.