What is the Group Simulations feature?

The Simulations feature is a powerful tool designed to help you understand how different pricing adjustments might affect your business outcomes. By simulating various pricing scenarios, you can forecast the impact on profit margins, sales volume, and overall revenue.

Whether you are considering a price increase, a discount, or a new promotional strategy, the Simulations feature provides you with the insights needed to make data-driven decisions confidently.

Update: The Bulk Pricing feature now also supports simulations! The Bulk Simulations works similarly to single pricing simulations, but with an added capability to handle bulk pricing. When setting up a bulk pricing simulation, specify an attribute to group products for pricing.

Prerequisites

1. This feature is an add-on. Ask the support team to activate it for you.

2. Analytics data transfer is a must if you wish to use the forecast. 
For a better understanding of the data requirements, check out this article

How do you use it?

In the group section, click on "Add Simulation"

Choose the strategy you wish to "Simulate" and what price source to compare it with

Click on "Run simulation"

You can now define the timeframe for the simulated forecast and change the weeks, after running the simulation!

Then access the results through the UI and download them to Excel