Validating financial models lapeerdating com
We effectively challenge model forecast accuracy through multiple model tests and outcomes analysis.
When validating these procedures, we can rely on our own extensive valuation library as well as a team of financial engineering specialists.
Once a deal type has been structured for one model, it is then priceable in all models, with all methods.
Thus, a model may be validated by comparing it to a large collection of Numerix models, to determine performance against a firm’s proprietary models.
The internal and external acceptance of your risk indicators crucially depend on a fundamental validation of your risk model.
Based on our experience of market risk projects over many years, we know which factors are crucial for the quality of a risk model and we are experienced with validation procedures.
In fact, any validation test can be serialized and exported into a self-contained Numerix XML file that captures all model inputs, including terms and conditions, market data, model choice and calibration assumptions, calendars and more.