Concept: Include basic Statistical Functions in Anaplan
Description: I miss some basic statistical functions among the available functions. These formulas are extremely useful when it comes to calculate chances or risks, which is a common and useful bit within the forecast calculations.
A good example is the lack of a counterpart in Anaplan for the Excel formula NORM.S.INV to retrieve the standard normal distribution of a probability %. But other helpful functions would be: NORM.DIST, NORM.INV, NORM.S.DIST
Why? Besides being formulas commonly used in some fields, at the minute, the workaround to carry out these calculations in Anaplan is quite space consuming in the WS: it is possible to calculate the Distribution of the Probabilities in Excel and copying the result (Probabilities and Distribution) into an Anaplan list. But depending on how accurate the Distribution is (how many decimal places), the list will contain more items and therefore will have a bigger size, reaching up to 2Gb for just the list alone.
Benefits: I ignore how hard would be to add the mentioned functions, but definitely they will save a lot of time to the model builders, quite some space in our WS and will not only broaden the applicability of Anaplan in other fields, but also making possible to model more advanced and complex solutions in Anaplan for those fields, expanding the Connected Planning concept.
Normal distribution table with 4 million itemsOnly for looking up the associated value in the Table
The content in this article has not been evaluated for all Anaplan implementations and may not be recommended for your specific situation.
Please consult your internal administrators prior to applying any of the ideas or steps in this article.