Computing MTD, QTD, YTD in Power BI for the current period
Power BI
Nov 7, 2023 11:30 PM

Computing MTD, QTD, YTD in Power BI for the current period

by HubSite 365 about SQLBI
External YouTube Channel
Data Analytics

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Master DAX time intelligence calculations for current periods in Power BI with practical strategies, tailored for recent data representation.

The popular Youtube creator, SQLBI, recently posted a video essay on handling time metrics (i.e., MTD, QTD, YTD) using Microsoft's interactive visualization tool, Power BI. This comprehensive guide seeks to highlight key points contained in the video.

How to use the DAX time intelligence calculations applied to the latest period
available in the data, also known as the “current” period.

Crucially, the video covers setting and visualizing desired results, managing the correct filter context and using calculation group or a calculated column in the date table.

 

 

Time intelligence functions used in DAX calculations present their outcome based on the filter context applied. However, presenting data for the most recent, or "current", period can be complex without the proper filter. It is noted that the displayed values may not always reflect the true values of the most recent data.

The demonstration goes on to explain practical situations where using a standard relative date filter could lead to incorrect or incomplete data representation.

This is starkly illustrated with the scenario of wanting to reflect data from the last working day, or the last transactional day, at the beginning of a new month. As such, we're then guided through a more refined approach for selecting dates.

Two potential solutions were proposed: using a calculated column in the Date table or a calculation group. With a CurrentDate calculated column in the Date table, it becomes simpler to identify the latest date with transactional data identified by a specific string known as LastDateWithData.

Thus, a filter can be applied to visuals either by an entire page or report or on individual visuals. This ensures MTD, QTD, and YTD calculations update to reflect the latest transactions automatically. More on Power BI.

Taking a General Look at Power BI Time Intelligence Functions

Microsoft's Power BI is an intuitive tool that allows users to visualize and analyse their data with greater speed, understanding, and efficiency. With the use of DAX calculations, users can get more out of the platform by creating formulas that provide additional useful information for their reports such as time metrics.

The time intelligence functions in Power BI are, by no means, limited to MTD (Month to Date), QTD (Quarter to Date), and YTD (Year to Date) calculations. They enable users to create many other insightful calculations, and when equipped with the correct filter context, they can produce highly adaptive and versatile reports.

Clearly, time intelligence functions offer a powerful and flexible way to manipulate data. SQLBI's video is a pivotal guide to clearly understanding and using these functions effectively. Masters of these finessed DAX calculations will find Power BI an even more formidable asset in their data analysis toolkit.

 

Read the full article Computing MTD, QTD, YTD in Power BI for the current period

Power BI - Optimizing MTD, QTD, YTD Calculations in Current Power BI Period

Learn about Computing MTD, QTD, YTD in Power BI for the current period

 

If you've come across this video on YouTube, it's all about computing MTD (Month to Date), QTD (Quarter to Date), and YTD (Year to Date) using the DAX time intelligence calculations in Microsoft's business intelligence platform. This platform is an integral part of organizations' data analytics strategies, providing advanced data analytics capabilities and visualization fashions. Let's dive deeper into this subject to help you better understand.,

The video discusses how to apply DAX time intelligence calculations to the latest period available in the data, also referred to as the "current" period. Getting desired results from this operation can be quite intricate, especially if you are new to the tool. However, with the right guide and training resources, you can achieve this with ease.

Before proceeding, it's vital to understand how MTD, QTD, and YTD calculations operate in DAX. These calculations are directly influenced by the filter context in play, making them adaptable and beneficial for various period comparisons. However, without the proper filter, getting your desired data might be a challenge.

If you are keen to master such a task, several learning resources are available. Examples are the official DAX guide -www.sqlbi.com/guides/dax/?aff=yt - and the comprehensive book -The definitive guide to DAX: www.sqlbi.com/books/the-definitive-guide-to-dax-2nd-edition/?aff=yt.

Understanding these calculations is vital, especially for reports that display at the month level. For instance, the values for May 2019 report the MTD calculations starting from May 1, 2019. A similar calculation process gets repeated every month. This example demonstrates how the YTD calculation starts on January 1, 2019, and the QTD calculation begins on April 1, 2019.

Another crucial area of concern is setting the correct filter context, which might pose a challenge for many users. The video details some limitations of using the Relative Date slicer in the Microsoft intelligence tool. For instance, using "This Month" might not show any data on the first day of the month if the model is refreshed nightly.

To circumvent these issues, the video suggests two viable approaches. One is by creating a CurrentDate calculated column in the Date table. Through this, you can efficiently identify the latest date with transactional data. With this information, you can aptly achieve various comparisons and apply a filter to the visual.

Alternatively, you can use a calculation group. This intercepts all the measures and applies the same filter as in the previous approach. The calculation group is an added advantage as it doesn't depend on additional changes made to the data model.

The video wraps up by supporting time intelligence functions' flexibility and power in DAX. However, adjusting them to address the most recent period comes with various challenges. Still, it's no clear that using a combination of filter context manipulations and properly crafted calculations, you can overcome these.

In conclusion, the video on YouTube is a beneficial resource if you are seeking to understand how computation of MTD, QTD, and YTD is done using DAX time intelligent calculations in Microsoft's BI platform. Check out other videos, guides, and books to widen your knowledge in this field.

 

More links on about Computing MTD, QTD, YTD in Power BI for the current period

Computing MTD, QTD, YTD in Power BI for the current period
16 hours ago — This article describes how to use the DAX time intelligence calculations applied to the latest period available in the data, also known as ...

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