Back test and SLA: Difference between pages

From ACT Wiki
(Difference between pages)
Jump to navigationJump to search
imported>Charles Cresswell
No edit summary
 
imported>Doug Williamson
(Add link.)
 
Line 1: Line 1:
Back testing is a form of scenario analysis in which historical data are input into a financial forecasting model. The idea is to identify - according to the model being used for the back testing - what the future outcomes would be if the selected historical scenarios were to recur in the future.
Service Level Agreement.


Another use of back testing is to test the validity and accuracy of the forecasting model itself, in cases where actual historical data is available in relation to the output of the model. In this form of back testing historical data are input into the forecasting model, and the outputs from the model being back tested are compared with the related actual data for the variable being forecast by the model.  Any differences identified may be the result of errors or limitations in the forecasting model.


== See also ==
== See also ==
* [[Scenario analysis]]
* [[Service level agreement]]
* [[Stress test]]
* [[SLA partner banking]]
* [[QA]]

Revision as of 14:09, 5 April 2016

Service Level Agreement.


See also