PlanIQ comes with a monthly quota based on your subscription.
Each forecast run uses prediction points. A prediction point is based on the number of calculations generated by a data pull. You have a monthly quota, which is your allowance of points to use.
You can view your quota of points on the Usage dashboard.
Usage formula: The number of
items, multiplied by the
forecast actions you run, equals the total
- Items are the objects that you forecast. Examples are: SKUs (bikes), SKU-location combinations (bikes per store), or revenue per department.
- When you create a forecast action, there's no point usage until the action runs.
- If you run the same forecast action twice, you double your points usage.
- Example: You forecast the demand for 15 SKUs of bikes sold across 20 stores. You run this forecast with 12 different forecast actions (each action may apply a different algorithm and/or data collection) for 10 consecutive months. This activity uses 36,000 prediction points.