Planning function and planning sequence of Design studio new features!!

Hi Experts

Recently I have updated my design studio to 1.3 and happy to see many new updates. Meanwhile i saw some new features add planning function and planning sequence.

As per my understanding, Using this features we can enter data at run time. My query is here

Is it like we are entering data at run time and see the changes in current data(chart series)

Ex: Add discount for product 10% and relevant data(in chart) reduced to 10%

or

Is it like integrated planning? Once we enter data in run time and it saves in BW planning cube?

I am totally confused with this feature.. Can any one help me to get clear understanding on this please !

Regards,

Mathivanan M