87341/how-do-i-use-the-dax-function-parallelperiod
I have created a bog simple PowerPivot SQL Server 2008+ source query and named it Source. The query generates 168 rows: 6 IDs (100-600) and 28 dates (first of a month from Jan 2010 to Apr 2012) all cross applied together.
The DAX expression you used in the derived column should be a measure and defined in the calculation area...
MeasurePriorPeriodValue := CALCULATE(SUM(Source[value]), PARALLELPERIOD(Source[eventDate]
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