Benchmarking shall have the meaning given in Section 11.10.1.
Benchmarking means measuring the energy performance of a
Benchmarking means comparing a banking organization’s CCR measures with those derived using alternative data, methods, or techniques. It can also be applied to particular model components, such as parameter estimation methods or pricing models. It is an important complement to backtesting and is a valuable diagnostic tool in identifying potential weaknesses. Differences between the model and the benchmark do not necessarily indicate that the model is in error because the benchmark itself is an alternative prediction. It is important that a banking organization use appropriate benchmarks, or the exercise will be compromised. As part of the benchmarking exercise, the banking organization should investigate the source of the differences and whether the extent of the differences is appropriate.
Examples of Benchmarking in a sentence
As for Ameren’s Benchmarking Analysis, Ameren explains that the results of independent expert Xx. Xxxxxx Xxxxxx confirm its findings that it is unrealistic to expect Ameren to achieve the unmodified goals within the spending limit and that Plan 2’s modified goals are reasonable.
More Definitions of Benchmarking
Benchmarking means measuring the energy performance of a single building or portfolio of buildings over time in comparison to other similar buildings or to modeled simulations of a reference building built to a specific standard such as an energy code.
Benchmarking. A process through which standards and thresholds are developed through comparisons with others, standards, and best practices. In terms of quality benchmarking, the goal of a performance improvement system is to develop an assessment process that incorporates four basic comparisons: with self, with others, with standards, and with best practices.
Benchmarking means measuring a Covered Building’s energy performance using the ENERGY
Benchmarking means the assessment of
Benchmarking means measuring a Covered Building’s energy performance using the ENERGY STAR Portfolio Manager tool or other similar platforms as CASR may designate.
Benchmarking means the process of comparing business processes and performance measures to industry bests and/or best practices from other industries. Dimensions typically measured are quality, time and cost.
Benchmarking means measuring a Covered Building’s energy performance using the ENERGYSTAR Portfolio Manager tool or other similar platforms as CASR may designate.