Key figures not predefined

What causes this issue?

The settings required for standard analysis &V1& are missing from
Customizing for Logistics Controlling.

System Response

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

How to fix this error?

Maintain the appropriate entries in Customizing for Logistics
Controlling.

Error message extract from SAP system. Copyright SAP SE.