Backtesting

Backtesting means the comparison of an FDIC-supervised institution's internal estimates with actual outcomes during a sample period not used in model development. For purposes of this subpart, backtesting is one form of out-of-sample testing.

Source

12 CFR § 324.202

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Scoping language

Terms set forth in 324.2 and used in this subpart have the definitions assigned thereto in 324.2.

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