About Modeling

Modeling refers to the process of designing a prototype based on a structured data model, considering all the variables for statistical analysis and to simulate real events and processes. The modeling module enables you to measure and quantify risk. You can use pre-defined models to predict the business trends and also to validate the existing models.

Models are built based on various techniques and related parameters based on the business purpose. Models thus built use various metadata objects such as Measures, Hierarchies, Filters, Datasets, and so on. The techniques can be inbuilt techniques and user-defined script-based techniques.

Oracle Financial Services Enterprise Modeling Application supports developing statistical models using algorithms written in standard R. It also enables you to bring in already developed algorithms written in R for creating models based on them. Thus it provides a unified environment to build, host, and execute models across risk categories and a common framework to manage stress scenarios.