Parameter set is nothing but group of Parameter created for specific purpose.

To add parameterset do the following.
Go to MasterData\Parameter then click Parameterset.
1. Type code of the parameterset.
2. Type name of the parameterset.
3. Type remarks if any (not necessary).
4. Click add row button to add parameter which are grouped
5. Delete unfilled row (if any).
6. Click Save button

The fields in the forms are Code,Name,Remarks,Parameter