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BPMs AFTERCARE CNR. Main & Sloane Street, Branson Contact detail: Nicky Brits Alec ea Snyders072 906 0472 / aftercare@bpms.co.za alecea@bpms.co.zaREGISTRATION FORM AND AGREEMENT 2021 PLEASE MARK WITH
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Modelling and validating refers to the process of creating a theoretical framework to accurately represent a system or process, and then verifying that this model behaves as intended against real-world data.
Entities or individuals that engage in regulated activities necessitating compliance with specific standards or frameworks may be required to file modelling and validation documents.
To fill out modelling and validating documents, one should gather necessary data, follow the prescribed format, input required information accurately, and ensure all calculations and assumptions are clearly documented.
The purpose of modelling and validating is to ensure that the models used in analyses accurately represent reality, facilitate decision-making processes, and comply with regulatory requirements.
The information that must be reported typically includes the model's objective, methodology, data sources, validation results, and any assumptions made during the modelling process.
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