Explain how a change in the following assumption will impact the defined benefit asset on the balance sheet.
Definitions:
Predicted Income
An estimate of the amount of money an individual, business, or organization is expected to receive over a specific period.
Regression Formula
An equation used in statistical analysis to predict the value of a dependent variable based on one or more independent variables.
College GPA
The average result of all the grades achieved by a student throughout their college or university study period, usually on a scale from 0 to 4.0 or 5.0.
High School GPA
A cumulative measure that reflects the average grade of a student throughout their high school career, typically on a 4-point scale.
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