{"id":528,"date":"2018-08-21T11:17:01","date_gmt":"2018-08-21T11:17:01","guid":{"rendered":"https:\/\/www.smartsims.com\/support\/?post_type=ht_kb&p=528"},"modified":"2021-06-11T09:23:10","modified_gmt":"2021-06-11T09:23:10","slug":"live-forecast-mikesbikes-introduction-simulation","status":"publish","type":"ht_kb","link":"https:\/\/www.smartsims.com\/support\/article\/live-forecast-mikesbikes-introduction-simulation\/","title":{"rendered":"Using the Live Forecast in MikesBikes Introduction"},"content":{"rendered":"

The Live Forecast feature in the MikesBikes Introduction to Business Simulation<\/a> is located at the top-right of all decision screens. This enables you to easily see the impact of individual decision changes on overall performance.<\/p>\n

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How Does it Work?<\/h3>\n

The Live Forecast displays two key metrics: Forecast Profit\u00a0& Forecast\u00a0Cash<\/strong>.<\/p>\n

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These figures are based on currently entered decisions and update in real-time<\/strong> whenever you click “Apply” in any decision screen.<\/p>\n \t\t

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\r\n \t\t\t\t\tClicking on the Live Forecast box will bring up your Forecast Results Summary<\/em> report. \t\t\t\t<\/p>\r\n \t\t\t \t\t\t\r\n \t\t<\/div>\r\n \t\t\n

Note: The Live Forecast feature is <\/span>an indicator of performance based on your currently entered decisions<\/strong>. It does not foretell your actual results as it can not<\/span>\u00a0take into consideration future market changes or your competitor decisions. So if based on these variables you end up selling more or less than you expected after the rollover<\/a>, your actual results will be different than your forecast. Of particular importance is ensuring you have an accurate sales forecast: How do I accurately forecast sales for the year ahead?<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The Live Forecast feature in the MikesBikes Introduction to Business Simulation is located at the top-right of all decision screens. This enables you to easily see the impact of individual decision changes on overall performance. How Does it Work? The Live Forecast displays two key metrics: Forecast Profit\u00a0& Forecast\u00a0Cash. These…<\/p>\n","protected":false},"author":3,"comment_status":"closed","ping_status":"closed","template":"","format":"standard","meta":{"footnotes":""},"ht-kb-category":[2],"ht-kb-tag":[],"class_list":["post-528","ht_kb","type-ht_kb","status-publish","format-standard","hentry","ht_kb_category-mikesbikes-introduction-simulation"],"_links":{"self":[{"href":"https:\/\/www.smartsims.com\/support\/wp-json\/wp\/v2\/ht-kb\/528","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.smartsims.com\/support\/wp-json\/wp\/v2\/ht-kb"}],"about":[{"href":"https:\/\/www.smartsims.com\/support\/wp-json\/wp\/v2\/types\/ht_kb"}],"author":[{"embeddable":true,"href":"https:\/\/www.smartsims.com\/support\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.smartsims.com\/support\/wp-json\/wp\/v2\/comments?post=528"}],"version-history":[{"count":23,"href":"https:\/\/www.smartsims.com\/support\/wp-json\/wp\/v2\/ht-kb\/528\/revisions"}],"predecessor-version":[{"id":1661,"href":"https:\/\/www.smartsims.com\/support\/wp-json\/wp\/v2\/ht-kb\/528\/revisions\/1661"}],"wp:attachment":[{"href":"https:\/\/www.smartsims.com\/support\/wp-json\/wp\/v2\/media?parent=528"}],"wp:term":[{"taxonomy":"ht_kb_category","embeddable":true,"href":"https:\/\/www.smartsims.com\/support\/wp-json\/wp\/v2\/ht-kb-category?post=528"},{"taxonomy":"ht_kb_tag","embeddable":true,"href":"https:\/\/www.smartsims.com\/support\/wp-json\/wp\/v2\/ht-kb-tag?post=528"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}