Model Validation definition

Model Validation means the process of evaluating calibrated model results using field-measured data and quantifying the residual (structural) uncertainty.
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Examples of Model Validation in a sentence

  • The IC shall be required to adhere to all applicable WECC policies including, but not limited to, the WECC Generating Unit Model Validation Policy.

  • This information was supplemented by data collected from the ISSA’s Developments and Trends Annual Survey.

  • Sources:ERM-118-14: Model Validation Principles Applied to Risk and Capital Models in the Insurance Industry SOA Monograph - A New Approach to Managing Operational Risk - Chapter 8 ASOP 23 Data Quality pg.

  • Dynamic data for generators, synchronous condensers, excitation systems, voltage regulators, turbine governor systems, power system stabilizers, and other associated generation equipment shall be derived from test results obtained by adhering to the WECC Generating Unit Model Validation Policy for each unit represented in WECC Base Cases according to thresholds as specified in Section IV.

  • Model Validation, Global Operational Risk Management: This group is responsible for the oversight of model validation practices.

  • Issue 1-4-2: gNB Beams Usage Criteria for FR1 MIMO OTA Channel Model Validation 5 companies shared views on this issue.

  • Dynamic data may become available outside the scheduled case building process due to individual entity equipment testing programs, such as the generator testing program.Dynamic data for new generators and updates for existing generators are submitted via the WECC Generating Unit Model Validation Policy.

  • Existing generators shall follow the WECC Generating Unit Model Validation Policy.

  • Sources:Financial Enterprise Risk Management, Sweeting, 2011, Ch. 7 Definitions of Risk ERM-118-14: Model Validation Principles Applied to Risk and Capital Models in the Insurance Industry ERM-120-14: IAA Note on Stress Testing and Scenario Analysis (pp.

  • Model Validation and Testing: The Methodological Foundation of ASHRAE Standard 140.

Related to Model Validation

  • Validation as used in WAC 222-20-016, means the department's agreement that a small forest landowner has correctly identified and classified resources, and satisfactorily completed a roads assessment for the geographic area described in Step 1 of a long-term application.

  • traceability means the ability to trace and follow a food, feed, food-producing animal or substance intended to be, or expected to be incorporated into a food or feed, through all stages of production, processing and distribution;

  • Stability means structural stability.

  • Interoperability means the ability of a Qwest OSS Function to process seamlessly (i.e., without any manual intervention) business transactions with CLEC's OSS application, and vice versa, by means of secure exchange of transaction data models that use data fields and usage rules that can be received and processed by the other Party to achieve the intended OSS Function and related response. (See also Electronic Bonding.)

  • Permeability of a space means the ratio of the volume within that space which is assumed to be occupied by water to the total volume of that space.

  • durability means the ability of components and systems to last so that the environmental performance can still be met after a mileage set out in paragraph 2.4. and so that vehicle functional safety is ensured, if the vehicle is used under normal or intended circumstances and serviced in accordance with the manufacturer’s recommendations.

  • Service Component means certain enabling Software, hardware peripherals and associated documentation which may be separately provided by Symantec as an incidental part of a Service.

  • Provisioning involves the exchange of information between Telecommunications Carriers where one executes a request for a set of products and services or Unbundled Network Elements or combinations thereof from the other with attendant acknowledgments and status reports. "Pseudo Automatic Number Identification" or "Pseudo-ANI" is a number, consisting of the same number of digits as ANI, that is not a NANP telephone directory number and may be used in place of an ANI to convey special meaning, determined by agreements, as necessary, between the system originating the call, intermediate systems handling and routing the call, and the destination system. "Public Safety Answering Point" or "PSAP" is the public safety communications center where 911/E911 calls for a specific geographic area are answered. "Public Switched Network" includes all Switches and transmission facilities, whether by wire or radio, provided by any Common Carrier including LECs, IXCs and CMRS providers that use the NANP in connection with the provision of switched services. "Rate Center" identifies 1) the specific geographic point identified by specific vertical and horizontal (V&H) coordinates, which are used to measure distance sensitive End User Customer traffic to/from the particular NPA-NXX designations with the specific Rate Center, and

  • Fabrication means making up data or results and recording or reporting them.

  • Third Party Components means software and interfaces, licensed by RIM from a third party for incorporation into a RIM software product, or for incorporation into firmware in the case of RIM hardware products, and distributed as an integral part of that RIM product under a RIM brand, but shall not include Third Party Software.

  • Structural components means liners, leachate collection systems, final covers, run-on/run-off systems, and any other component used in the construction and operation of the MSWLF that is necessary for protection of human health and the environment.

  • Turbidity means the cloudy condition of water due to the presence of extremely fine particulate materials in suspension that interfere with the passage of light.

  • Architectural coating means a coating applied to stationary structures and their appurtenances, to mobile homes, to pavements, or to curbs.

  • Model shall refer to a particular brand of Vehicle sold by an OEM (e.g., Taurus, Tahoe, Grand Caravan).

  • service delivery and budget implementation plan means a detailed plan approved by the executive mayor of a municipality in terms of section 53(l)(c)(ii) of the MFMA for implementing the municipality's delivery of municipal services and its annual budget, and which must indicate

  • Affordability means a housing unit that satisfies at least one of the following criteria:

  • Provider Platform Application means an application or a set of related functionality deployed on a Platform Cloud Service, created by Provider using the Tools to run on or with the Platform Cloud Service for access by End Users.

  • Structural component means a component that supports non-variable forces or weights (dead loads) and variable forces or weights (live loads).

  • Technology protection measure means a specific technology that blocks or filters Internet access to visual depictions that are:

  • Fluoroscopic imaging assembly means a subsystem in which X-ray photons produce a visual image. It includes the image receptor(s) such as the image intensifier and spot-film device, electrical interlocks, if any, and structural material providing linkage between the image receptor and diagnostic source assembly.

  • Certified components means components of X-ray systems which are subject to regulations promulgated under Public Law 90-602, the “Radiation Control for Health and Safety Act of 1968,” the Food and Drug Administration.

  • Overhaul means the full reconditioning of the Aircraft, an Engine, APU, Landing Gear, module or Part, as the case may be, in which such equipment has been fully disassembled; cleaned; thoroughly inspected; and returned to the highest standard specified by the applicable manufacturer's manual.

  • Validate means to determine by checking tolerances the validity of the reading of a meter.

  • Improvement means the acquisition, construction, installation, or maintenance of any tangible property with an estimated useful life of five years or more including, but not limited to, the following:

  • Deployment means a period of time extending from six (6) months before a member of the uniformed services' departure from their home station on military orders through six (6) months after return to his or her home station.

  • Genetic testing means an analysis of genetic markers to exclude or identify a man as the father or a woman as the mother of a child. The term includes an analysis of one or a combination of the following: