The MST Virtual Economist gives you the latest economic data to easily run correlation analysis against your institution’s data. This powerful tool gives you the ability to see trends in your loan portfolio and satisfy the economic forecasting, forward-looking requirements of CECL.
The Virtual Economist collects historical and forecasted economic data from trusted federal sources, such as Federal Reserve Economic Data (FRED).
Use the Virtual Economist to correlate your loss experience to economic data from multiple sources. Find out what matters and what doesn’t.
Remain confident that your forecasts are reasonable, supportable and well-documented.
Choose your model or models. Manage loss rate methods, roll-rate methods, probability-of-default methods, or methods using vintage or other cohorts.