What term describes adjustments made to key financial assumptions?

The term that describes adjustments made to key financial assumptions is indeed "Assumption Updates." This is an important aspect of financial planning and forecasting, as it involves revising the foundational estimates that drive financial models. Assumption updates may reflect changes in market conditions, operational realities, or strategic shifts within the organization. By updating these assumptions, businesses can ensure that their financial projections remain relevant and accurate, allowing for better decision-making and resource allocation.

The other choices have distinct meanings that do not directly relate to adjusting financial assumptions. For instance, "Parameter Inclusion" generally refers to the process of incorporating new parameters into a model rather than modifying existing assumptions. "Activity Tracking" typically pertains to monitoring actual performance against planned activities, which is not directly about adjusting assumptions. Lastly, "Data Reflection" suggests a focus on how data is represented or visualized, rather than specific changes to assumptions driving financial forecasts.