The Stochastic Trial Exhibits command lets you view the details of funding and expense calculations for a particular trial in a Stochastic Forecast. This is useful for explaining what series of events led to a particular result. Stochastic Trial Exhibits is similar to Deterministic Forecast Exhibits except that, instead of a deterministic forecast, you are asked to:

• Specify a Stochastic Forecast. Only executed Stochastic Forecasts appear in the list of Stochastic Forecasts unhidden in the current Project.

• Select an Asset Mix.

• Tell ProVal how to Select trial by, either by trial Number or by indicating an Output Variable (e.g., nominal return), forecast Year and Percentile of interest.

If you select the Variable option, ProVal will determine the trial number based on the Output Variable, year and percentile you chose to view. Otherwise, trial numbers can be determined by using the Stochastic Forecast Output command. (ProVal cannot determine trial numbers for stochastic forecasts run using version 2.27 or earlier. Therefore, to determine trial numbers for a Stochastic Forecast run in a version earlier than 2.28, simply rerun the forecast.)

In order to generate the exhibits, you are also asked to specify:

• The degree of Rounding. If rounding differs from that used in the Stochastic Forecast, then some results may differ between the trial exhibits and other ProVal output. When a new Stochastic Forecast is selected, the rounding parameter is reset to be consistent with the rounding used for the Stochastic Forecast. The rounding may subsequently be changed if desired.

• The specific forecast Years for which to display results.

• The desired Exhibits.

You can select as many exhibits as you wish and then click the View button to see the results. ProVal then will rerun the trial of the Stochastic Forecast in order to get all of the necessary detail for the exhibits. You can then Print the exhibits or send them to a File (e.g., an Excel spreadsheet) by clicking the appropriate button.