What does Assumption mean on CalculationTime?
Assumptions make a calculator auditable because they tell the reader what has been held constant and what still needs human judgement.
Glossary term
Assumption
An assumption is an explicit condition a calculator uses before producing a result, such as a unit basis, rate basis, calendar rule or source boundary.
History of the term
Assumptions became a formal part of mathematical modelling as applied statistics, actuarial work and engineering tables moved from hand calculation into reproducible worksheets.