Part 5: Simulate

In this part, you create a workspace, set up assumptions in the Scenario Manager, and activate a simulation scenario.

Simulations in Valsight start from a data baseline, apply line items to simulatable nodes, and calculate scenarios as changes on top of that baseline.

For detailed reference on any of the concepts here, see Workspaces and Scenario Manager.

Watch the video guide

Step 1: Create a workspace

A workspace is where you analyze results and run simulations.

1. Go to the Workspace overview within your project.

2. Click Add.

3. Enter the workspace details:

4. Click Create.

5. Open the workspace.

Step 2: Set up the Scenario Manager

The Scenario Manager is where you define assumptions and scenarios.

Create the Price Adjustment assumption

1. Open the Scenario Manager.

2. Click Create assumption.

3. Enter the name Price Adjustment.

Add a line-item

4. Click the + icon on the assumption.

5. Select the simulatable node Price Adjustment.

6. Choose Absolute.

7. Click Create.

Enter a premise

8. Click on the line-item name to open the input table.

9. Enter 10 for Premium / USA / 2026 in the Change column.

10. Click Save.

Create the Volume Change assumption

11. Create a second assumption called Volume Change.

12. Add the simulatable node Market Growth.

13. Choose Absolute.

14. Enter growth values.

15. Click Save.

Activate the assumptions

16. Activate both assumptions for the Simulation scenario.

What you have done

• Created a workspace

• Set up two assumptions in the Scenario Manager

• Activated the simulation scenario

Next step

Continue to Part 6: Analyze Results.