How to pick up my previous day not including weekends

neg177
neg177
in Modeling

Hi,

 

I would like to some advice on how I can pick up my previous day not including weekends. Ex) My previous day for Monday would be Friday. This is the Formula I tried to use below. I have a Time Filter Line Item that marks 0 for any weekday and 1 and 2 for weekends, so I can try and only pick up the 0's. Below is my formula. 

 

IF 'S01 Time Filter'.Weekdays? THEN PREVIOUS('Y01 Collection_Funding'.'Securitization (including WO)') + 'S01 Time Filter'.Days from next business day ELSE 0

Thank you 

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Answers

  • AlecWainberg
    AlecWainberg

    1. You can try to use the Days function which should yield a 1-7 for the date period depending on the day of the week.
    2. Then in your formula you can use an IF statement similar to below:
    IF
    Day of the Week = 1 ----> (This should either be Monday or Sunday depending on your model calendar -> make sure the number is equal to Monday's day of the week)
    THEN
    OFFSET('Y01 Collection_Funding'.'Securitization (including WO)', 3)  ---> This will bring in the value from 3 days prior to the Monday (i.e., the previous Friday)
    ELSE

    OFFSET('Y01 Collection_Funding'.'Securitization (including WO)', 1)

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