Forecast Factor vs Target Utilization

How do Forecast Factor and Target Utilization work together to optimize costs and data usage?

• Forecast Factor is used at the account level to predict future usage based on historical consumption patterns.
  • It takes into account factors like the total time in the billing cycle, the current time elapsed, and any forecast adjustments.
  • The Forecast Factor helps estimate usage for the remaining hours of a billing cycle, providing a buffer that helps optimize spending.
• Target Utilization, on the other hand, is applied at the plan level, allowing users to set thresholds for data usage on specific plans.
  • This means you can allocate different levels of utilization across multiple plans—for example, using only 50% of the data on one plan while fully utilizing another.
  • This ensures better cost control and resource allocation within an account.

To put it simply: Forecast Factor helps anticipate total usage across all rate plans, while Target Utilization lets you strategically manage usage at the individual plan level. One focuses on prediction, the other on intentional allocation.