Creating Variables Using AI | Lucanet Knowledge Base

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Creating Variables Using AI

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Glossary

Lucanet xP&A (Extended Planning & Analysis) offers different options for AI assistance when creating new variables. AI can be used to suggest new variables to be added to your model. It comes up with up to 5 suggestions for names and formulas completely on its own, including adding new hardcoded assumptions to then be used in its own calculations.

You can enable the AI assistance in xP&A at model level or when creating new variables.

How it works

Based on the variables that you have in your model, AI makes suggestions for your next variable. The suggestions are based on names of the variables and on the formulas you are already using.

The following options to use AI assistance for creating new variables in xP&A are available:

With the Ask AI menu in xP&A, you can benefit from two different AI functionalities:

Suggest variables

With this option, you can ask AI to generate one-off suggestions for new variables based on your model.

To use it, click on the Ask AI button at the top of the spreadsheet in xP&A and select Suggest variables. The AI-suggested variables will appear in the Inputs section:

Shows the spreadsheet of a model in xP&A, with the 'Ask AI' button highlighted in red in the toolbar, and four AI-suggested variables highlighted in red in the 'INPUTS' section: 'Total Expenses', 'Gross Profit Margin', 'EBITDA Margin', and 'EBIT Margin'. — Suggest variables in the 'Ask AI' menu

Prompt AI

With this option, you can directly interact with the AI, asking for help with setting up certain calculations and analysis. The AI then suggests the variables typically used for these calculations.

To use it, click on the Ask AI button at the top of the spreadsheet in xP&A and select Prompt AI. Enter your prompt in the text field and click Submit. The AI-suggested variables will appear in the Inputs section: