What is confidence level in SAP FIN-FSCM-TRM-TM - Transaction Manager?

SAP Term: confidence level

• Component: FIN-FSCM-TRM-TM

• Component Name: Transaction Manager

• Description: Probability that a parameter estimated from samples falls in the confident interval.

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• Key Concepts: 
  Confidence level is a concept used in SAP Transaction Manager (TM) to define the level of certainty that a transaction will be successful. It is based on the risk assessment of the transaction and is used to determine whether or not the transaction should be allowed to proceed. 
  
  How to use it: 
  The confidence level is determined by the TM system based on the risk assessment of the transaction. The higher the confidence level, the more likely it is that the transaction will be successful. The confidence level can be adjusted by setting parameters in the TM system, such as the maximum amount of money that can be transferred in a single transaction. 
  
  Tips & Tricks: 
  It is important to set the confidence level appropriately for each transaction, as this will help ensure that only transactions with a high likelihood of success are allowed to proceed. It is also important to monitor the confidence levels regularly, as they may need to be adjusted if there are changes in the risk assessment of a particular transaction. 
  
  Related Information: 
  The confidence level is an important part of SAP Transaction Manager and is used to ensure that only transactions with a high likelihood of success are allowed to proceed. It is also used to help identify potential fraud or other risks associated with a particular transaction. For more information about SAP Transaction Manager and how it works, please refer to SAP's official documentation.