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Back-Testing

nouncandidate·updated May 13, 2026

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Framework senses

Comptroller's Handbook: Model Risk Management, Version 1.01 senseview framework →
§1
A form of outcomes analysis that involves the comparison of actual outcomes with modeled forecasts during a development sample time period (in-sample back-testing) and during a sample period not used in model development (out-of-time back-testing), and at an observation frequency that matches the forecast horizon or performance window of the model.