Summary
The Custom Price Elasticity Curves screen is where you configure new price elasticity curves to be used in Forecast Manager to help model the effects of price increases on demand
It is accessible by clicking Admin > System Configuration > Custom Price Elasticity Curves
Custom Price Elasticity Curves Grid
The grid at the top left of the screen will show currently configured price elasticity curves. By default we have a handful of out of the box curves that are a good starting place for different industries.
To configure a new price elasticity curve, begin by hitting the New button in the upper righthand corner of the screen, enter the Name and any associated Notes. When done, hit the Save button. While you are not able to modify and save changes to the out of box settings, you can hit the Clone button after selecting an existing system curve, make adjustments, then save the cloned settings.
If you would like to disable/remove any existing price elasticity curve, select the curve in the upper left grid and hit the Delete button
Once configured and saved, your new price elasticity curve should be available for use in the Elasticity Tab in Forecast Manager
Price Elasticity Values
As you select a given price elasticity curve in the upper left grid, the lower chart and grid will populate with a visual and precise data points for how a % change in price will affect demand.