This webinar will equip you with the skills to make accurate and reliable economic forecasts for the CECL model for your financial institution. You’ll learn how to select the right data, understand the relationships between different variables, and set realistic expectations for your forecasts.
The webinar also covers how to implement those forecasts and troubleshoot any unexpected results. Plus, you’ll gain valuable insights into the documentation best practices required under CECL, ensuring your institution meets the standards.
What You’ll Learn
- Identify forecast expectations based on the forecast period and model
- Discover the connection between the historical data selected and its effects on forecast outcomes
- Determine whether selected external variables are directly or indirectly correlated to the dependent variables
- Compare and assess forecasted expectations with actual results
Who Should Attend
Financial institution employees who are involved in CECL processes will benefit from this session.