In Plan, the forecast uses recent historical data, typically sales and clock entries, and applies your organization’s forecasting method to generate forecast targets. Dayforce is configured to forecast Sales and Average Hourly Rate (AHR) from sales and clock entry data, using the forecasting method configured by the administrator.
When you run the forecast for each week, Dayforce does the following:
- Retrieves historical data: Dayforce retrieves sales data imported from your Point-of-Sale (POS) system and historical clock entry data, either from past timecards in Dayforce or from imported records from an external time and attendance system.
- Forecasts values: Dayforce generates forecast sales and AHR using the historical data.
- Derives additional values: Dayforce uses some figures from your plan’s budget and the forecast numbers to calculate the remaining KPIs.
Depending on how Dayforce is configured, you might be able to save forecast logs when you generate forecasts in Plan. If this functionality is available to you, Dayforce generates the forecast log and opens it in a pop-up window on your computer. If the forecast involves multiple KPIs, the log appears as a ZIP folder.
Role feature access: Plan > Export Forecast Logs
| Forecast Type | How to Do It |
|---|---|
| Forecast without a log |
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| Forecast with a log |
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Note: You can configure Dayforce to run batch forecasts as a background task so that you don’t have to initiate forecasts in Plan. For more information, contact your system administrator.