V2 - Building a First Model - Step by Step

In this guide you will learn how to create a simple model that uses external data (from Excel), forecasts values into the future and how to create simulations. We assume that you have read about the basic concepts of Valsight.

In this example, we will create the revenue of a company as a function of price and volume. The sales price will be influenced by inflation, whereas the sales volume will be driven by a market model and the company's market share. We assume, that we have the following data points available: Price and Volume Data as Actuals for the last complete year, or forecasted year-end values for the current year. For the market volume and the inflation, we have predicted values for the next 5 years. In our model, we want  to define the relationship between our current revenue and future revenue through the assumed market growth and inflation.


This guide assumes that you have access to an empty Valsight instance, and will guide you through all steps necessary to create a simulation.

The main parts of the guide are modelling, data upload and simulation. In Valsight, each simulation is the result of a model and the connected data. 

The guide is structured in several steps:

V2 - Create the Tutorial ProjectCreate the basic project for this tutorial.
V2 - Create a new ModelLearn how to create a model and setup the basic settings of it, such as default units, scale etc.
V2 - Create First Nodes in the Model and Define Driver LogicIn this part you will create the first nodes in the model and learn how to enter formulas
V2 - Basic Data Upload & Model DefinitionIntegrate your data into Valsight and use it in your model
V2 - Adding a Custom DimensionChange the data to use a custom product dimension.
V2 - Defining Simulation NodesEnable parts of the model for simulation by allowing some nodes to be overwritten in simulation scenarios
V2 - Building SimulationsCreate assumptions and scenarios to actually build simulations on your new model
V2 - Summary & Next StepsRecap & Further readings