Analyze Category¶
+Using the Analyze Category, you will be able to perform the Variance Analysis for the Base Series versus +Compared Series. By clicking the Analyze Tab, you will be able to view the Variance Analysis option +(see Figure below).
+
+Analyze Category
+By clicking the Variance Analysis option, you will be able to view the Variance Analysis screen (see Figure below). +Now you can perform the Variance Analysis for the Base Series versus Compared Series by selecting the required +Period and Filters. For our example, both the Base and Compared Series will have the Budget and Forecast values. +Also they can have additional series values based on the Data Source that you assign and those values +can be considered for the Base Series versus Compared Series. For our example, Base Series has been selected as +“Budget” and the Compared Series has been selected as “Forecast”
+
+Variance Analysis with Base Series versus Compared Series
+The Period selection includes the following options:
+-
+
- Weekly +
- Monthly +
- Quarter-to- date +
- Quarter +
- Half Year +
- Half Year-to-date +
- Year-to date +
- Year-to-go +
- Full Year +
The details for the individual Period Selection has been explained below:
+Weekly¶
+When the Period is selected as “Weekly”, then the Variance Analysis for the Base Series versus +Compared Series will be based on the week selection that falls within a year which is from 1st to 52nd week.
+Monthly¶
+When the Period is selected as “Monthly”, then the Variance Analysis for the Base Series versus +Compared Series will be based on the month selection that falls within a year which is from Jan to Dec.
+Quarter-to-date¶
+When the Period is selected as “Quarter-to-date”, then the Variance Analysis for the +Base Series versus Compared Series will be based on the Quarter-to-date selection that +falls within a Quarter in Year. For example, if the Base Period is selected as “Feb”, then the +Variance Analysis will be performed for Jan and Feb months alone (see Figure below).
+
+Period selected as Quarter-to-date
+Quarter¶
+When the Period is selected as “Quarter”, then the Variance Analysis for the Base Series versus Compared Series +will be based on the Quarter selection that falls within a year which is from Jan to Mar, Apr to Jun, +Jul to Sep and Oct to Dec. For example, if the Base Period is selected as “Feb”, then the +Variance Analysis will be performed for the first Quarter from Jan to Mar month (see Figure below).
+
+Period selected as Quarter
+Half Year¶
+When the Period is selected as “Half Year”, then the Variance Analysis for the Base Series versus +Compared Series will be based on the Half Year selection that falls within a year which is from Jan to Jun +and Jul to Dec. For example, if the Base Period is selected as “Feb”, then the +Variance Analysis will be performed for the first Half Year which is from Jan to Jun month (see Figure below).
+
+Period selected as Half Year
+Half Year-to-date¶
+When the Period is selected as “Half Year-to-date”, then the Variance Analysis for the Base Series versus +Compared Series will be based on the Half Year-to-date selection that falls within a Half Year. +For example, if the Base Period is selected as “Apr”, then the Variance Analysis will be +performed from Jan to Apr month which falls in the First Half Year period (see Figure below).
+
+Period selected as Half Year-to-date
+Year-to-date¶
+When the Period is selected as “Year-to-date”, then the Variance Analysis for the Base Series versus +Compared Series will be based on the Year-to-date selection that falls within a Year. For example, if the +Base Period is selected as “Oct”, then the Variance Analysis will be performed from Jan to Oct month +which falls in a Year period (see Figure below).
+
+Period selected as Year-to-date
+Year-to-go¶
+When the Period is selected as “Year-to-go”, then the Variance Analysis for the Base Series versus +Compared Series will be based on the Year-to-go selection that falls within a Year. For example, if the +Base Period is selected as “Feb”, then the Variance Analysis will be performed from Mar to Dec month +leaving the rest of the months from Jan to Feb (see Figure below).
+
+Period selected as Year-to-go
+Full Year¶
+When the Period is selected as “Full Year”, then the Variance Analysis for the Base Series versus +Compared Series will be based on the Full Year selection that falls within a year which is from Jan to Dec. +For example, if the Base Period is selected as “Jul”, then the Variance Analysis will be performed for the +Full Year which is from Jan to Dec month (see Figure below).
+
+Period selected as Full Year
+The Variance Analysis for the Base Series versus Compared Series can be also performed based on comparing the +same Base Period or comparing to different Base Period (see Figure below). The above mentioned Period +selections have been explained based on the Base Period being selected as “Compare same period”.
+
+Budget vs Forecast for the same Base Period
+As an example, the below Figure shows the Variance Analysis that was performed based on comparing the +different Base Period.
+
+Budget vs Forecast for the different Base Period
+It is to be noted that the Base Series selection and the Compared Series selection should not have the +similar option for the same Base Period. As an example, Budget selected as Base Series cannot be compared with +Budget selected as Compared Series for any Base Period.
+The Periods can be also selected collectively and the Variance Analysis for the selected combination +will be displayed as shown in the below Figure. In our example, the Period has been collectively selected +as Monthly and Half Year.
+
+Period selected as Monthly and Half Year
+From the above Figure, you can observe that the Variance Analysis has been performed for the periods +“Monthly” and “Half Year”. Also the Base Period for Budget is selected as “Jan” and the Base Period for +the Forecast is selected as “Mar”.
+The Filter option has the ability to filter the records based on the Variance values. It shows the +Top number of Variance values for the selected Period (see Figure below).
+
+Top 10 Variance Values for the Period being selected as Monthly, Half Year and Year-to-date.
+The options Show Absolute Variance and Show % Variance when activated will display the Absolute Variance +and % Variance values in a separate column in the grid.
+
+Absolute Variance and % Variance values
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