SetParam('P-Employee name', BA) The variable BA contains a string value to be passed as a parameter.
SetParam('Param-name','') removes the global parameter from the current context.
SetParam('P_DATE',EOM()+1) creates a variable in the memory called P_DATE, which is a Date variable containing the value of the 1st day of the next month. You can then use the expression GetParam('P_DATE') to initiate date fields with the value from memory instead of using the same expression again. Think of it as a new way to send parameters between two (or more) programs.
A call to SetParam ('*','') clears all known parameters in a context. Since version: 1.9j
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