WORD OF THE DAY: AFFINITY CARD - A card that is offered jointly by two organizations. One is a credit card issuer and the other is a professional association, special interest group or other non-bank company. For instance, Citibank ... More
1. ) Generally, it refers to the process of comparing predictions from a forecastingmodel to observable data. A model may use historical inputs after which the mode's forecast is compared to the actual outcomes observed for the forecasted period. In practice, either final model outputs or intermediate calculations may be backtested. Backtesting is often inaccurate because of the impact of extraneous events on the observable data.
Fund Letters
