Definition of «model calibration»

Model calibration refers to the process of making adjustments or fine-tuning a model to ensure that its predictions or results align as closely as possible with the real world observations or data. It involves tweaking the model's parameters or inputs to improve its accuracy or match the expected outcomes. In simple terms, model calibration means adjusting a model to make it more accurate and reliable.

Sentences with «model calibration»

To what extent was this taken account of in climate model calibration? (realclimate.org)
Timing of input for operational events may be different than timing of imput used in model calibration. (realclimate.org)
(The description of our factor construction methodology is available in Appendix B.) We use the first 24 years of data (Jan 1967 — Dec 1990) in the initial model calibration, encompassing several valuation cycles, and use the remaining data (Jan 1991 — Oct 2011) to run the model comparison. (researchaffiliates.com)
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