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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.
Since this is a general model that has been based on benchmarking experiences in manufacturing industries, we scrutinized it, and when necessary adapted it to ensure a comprehensive and appropriate benchmarking approach.
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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".
But other academics, including John Lamberth, an associate professor of psychology at Temple University, say appropriate benchmarks can be devised.
So either newsletter editors suddenly became geniuses in 2000, or the Nasdaq was not the appropriate benchmark to use to judge their performances.
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.
But it is an appropriate benchmark only if the manager focuses only on the few growth stocks -- mostly Internet issues -- that dominate the index.
A stock's weight in the Dow depends on its price, which makes the Dow an appropriate benchmark only if you are likelier to buy expensive stocks.
If the appropriate benchmark for permissible risk of harm to future generations is sexual reproduction, other germline-changing techniques would need to demonstrate severe foreseeable dangers to fail.
Because many money managers are just as likely to pick a small- or mid-cap stock as a large one, the appropriate benchmark for judging their stock-picking abilities is one that gives equal weight to each stock.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com