7.1.9.2.4 Forecast Assumptions

This section covers the following topics:

1. Product Characteristic: This section shows Product Characteristic reports. Product Characteristic Rules are used to define payment, pricing, and repricing characteristics for new business. These Product Characteristics are rules that are placed on MDBSS nodes to be used in Forecasting that instruct the Application on what key new business contractual and behavioral features are to be included, such as amortization, adjustable type, compounding, day count, and other key features.
2. Forecast Balance Rules: This section shows Forecast Balance reports. The Forecast Balance rules module discusses modeling of new business activity through the Forecast Balance rules. Included are assumption setup and processing. Within a Forecast Balance rule, you specify the amount of new activity generated per modeling bucket on each MDBSS node within each active currency. To create a new business assumption, you select from following available forecasting methods.