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  3. Deterministic Modelling

If I want to use the Deterministic modelling, what do I need to do?

This can only be done by someone who has the appropriate Admin rights.

For those that do, go to Settings > Preferences > Forecast engine.  By default this will be set to Stochastic.  

Click the pencil icon and use the Radio buttons to switch on Deterministic:

Deterministic 1

The estimates will now need to be added into this are for Deterministic to work. This section is broken down into:

- Asset class - where only the 'Medium estimate' needs to be added as the 'Low estimate' and 'High estimate' will be auto added (-3% and +3% of the Medium estimate)

- Inflation and Yields - where only the 'Medium estimate' needs to be added as the 'Low estimate' and 'High estimate' will be auto added (-2%and +2% of the Medium estimate apart from the 'Yield from RPI annuities' which is -1% and +1%)

Once this has been added, click Save.

Please note: The Cash deposit 'Medium estimate' cannot be lower than 0% nor can the returns for the low estimate be less than 0%.