Abstract
Before being put to work, a KK system is normally subjected to a number of tests which are collectively described as evaluation procedures. The objective of this testing is to validate the system — to determine whether the system reaches an acceptable standard of performance. The evaluation procedures in current use fall into two main groups:
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(a)
procedures which are applied to individual equations; and
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(b)
procedures which are applied to the system as a whole.
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© 1983 D.W. Challen and A.J. Hagger
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Challen, D.W., Hagger, A.J. (1983). Evaluation Procedures. In: Macroeconometric Systems. Palgrave, London. https://doi.org/10.1007/978-1-349-27931-9_8
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DOI: https://doi.org/10.1007/978-1-349-27931-9_8
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