Backtesting

Backtesting means the comparison of an Enterprise's internal estimates with actual outcomes during a sample period not used in model development. In this context, backtesting is one form of out-of-sample testing.

Source

12 CFR § 1240.101

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Scoping language

Terms that are set forth in 1240.2 and used in this subpart have the definitions assigned thereto in 1240.2.

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