Power BI Masterclass - Calculate Our Base Measures

The video tutorial guides viewers through setting up additional measures in a data analysis context. It covers calculating total cost and total profit by using measures and iterating over tables. The tutorial also introduces time intelligence functions to calculate sales, cost, and profit for the previous year. Finally, it demonstrates how to calculate profit growth by comparing current and previous year profits.

What is the purpose of creating a new measure for total cost in the example?

What assumptions are made regarding the sales and purchasing prices in the example?

How is the total profit calculated based on total sales and total cost?

What function is used to calculate total sales for last year?

Describe the process of calculating the difference between total profit and total profit last year.