The selected period does not lie within the profile validity period

What causes this issue?

You attempted to display profile values from &v1& to &v2&. However, this
period does not lie within the validity period of the output profile of
the formula allocation. You can only display the profile value within
the validity period of the output profile (&v3& to &v4&).

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?

Choose a period that corresponds to the validity of the output profile
of the formula allocation.

Error message extract from SAP system. Copyright SAP SE.