User Guide › Financial Management › Contract Pricing › Forecasting

Forecasting

The metric forecast is calculated once when performing a Commit of the contract version by having the calculation engine calculate the contract once in a forecast mode. The Forecast mode is performing a full calculation engine cycle on the contract (from the start to the end date of the contract version). The purpose of this cycle is to calculate the forecast values only. (There are no calculations are done on the T_RAW_DATA table).

In Forecast mode the calculation engine calculates the business logic of the forecasted metrics only.

All the Business Logic methods are calculated (excluding Result and Target) in the same order as in a regular cycle.

The differences between a Forecast mode cycle and a regular cycle of the calculation engine are:

• At the end of each period the Forecast method runs instead of the Result method
• The events that are calculated in Forecast mode are forecasted events only

  Note: Forecasted events are intermediate events that are added in Forecast mode. This means that these events are written by other forecasted metrics during the forecasted cycle. These events are located in the T_INTERMEDIATE_DATA table and are marked with CALCULATION_MODE=FORECAST.

  Note: It is the user's responsibility to commit the contract in the right order. This means that if one contract contains a metric that sends forecast events to another metric from a different contract, the sending metric should be calculated first. Therefore, the contract should be committed first. There is no problem when both metrics are in the same contract.

• During the forecast cycle Context.IsForecast is true. This value can be checked in the implemented methods to verify which mode is currently running.
• The results are written in the FORECAST* fields in the T_PSL table. All the other fields are set to null (PROVIDED* and TARGET*). There are four FORECAST fields (for each mode), but in actuality these fields are set with the same value (no correction or exceptions are considered in Forecast mode).

Note: It is possible to simulate the Forecast mode from the Business Logic Scope page by setting the Forecast Calculation check box. The Business Logic Scope page in this case displays the Forecast method results.