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The Royal Institute of Chartered Surveyors is already examining what an appropriate benchmark might be.
Labour said the Royal Institution of Chartered Surveyors (Rics) "is already examining what an appropriate benchmark might be".
"The first caveat is that the dialysis threshold may not be an appropriate benchmark for all technologies," says Zenios.
A first step in optimisation is the selection of appropriate "benchmark" performance characteristics.
So either newsletter editors suddenly became geniuses in 2000, or the Nasdaq was not the appropriate benchmark to use to judge their performances.
But it is an appropriate benchmark only if the manager focuses only on the few growth stocks -- mostly Internet issues -- that dominate the index.
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But other academics, including John Lamberth, an associate professor of psychology at Temple University, say appropriate benchmarks can be devised.
John Markese, president of the American Association of Individual Investors, said the S.E.C. should require hedge funds to publish performance data and appropriate benchmarks regularly, in a standardized, easy-to-read format.
As such, and due to their quick adoption in a wide range of applications, appropriate benchmarks are crucial for algorithm selection and comparison.
The issues include dealing with test set bias caused by, for example, inappropriate normalization procedure, devising appropriate benchmarking criteria and formulating statistically robust feature-selection techniques.
To this end it is important to identify the load and to measure the performance of agent systems with appropriate benchmarks that provide details to direct future implementations.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com