The Global Risks Index
NXS-GRX Models · Test · on: model version submitted

Test and validate a model

Every model version is backtested, scored out of sample, compared with established indices and documented in a model card before use.

Page GRX-JRN-VALIDATE-MODELEdition Baseline Edition 2026Evidence close 2026-09-30Jobs 7Values not yet publishedSnapshot 31a753f76
on: model version submitted · Test and validate a model7 jobs · 1 gate · 11 checks
  1. Model version submittedinstant
  2. Backtest6 hours
  3. Out-of-sample scores2 hours
  4. Benchmark2 hours
  5. Model card1 day
  6. Approval gate10 days
  7. Promote to productioninstant
01Test

Test and validate a model

Every model version is backtested, scored out of sample, compared with established indices and documented in a model card before use.

on: model version submitted
Test and validate a model
In progressTriggered by Model owner7 jobs1 approval gate11 checks1 deployment
Graph
01Submit
02Test
03Document
04Approve
05Approve
100%
Timeline
Job0 d2 d4 d6 d8 d10 dTarget
Model version submittedYouinstant
BacktestVerification engine6 h
Out-of-sample scoresVerification engine2 h
BenchmarkVerification engine2 h
Model cardYou1 d
Approval gateMethod stewards10 d
Promote to productionNXS-GRX (canonical data, provenance and risk) Platforminstant

End to end on the longest path: about 11.3 d of proposed target service levels. Gates wait for the people named; bars with a fading end have no fixed length.

Steps
  1. Model version submitted
    Submit · You · instant
    Code, data and seed pinned · Intended use declared
    Model LabPostgreSQL ledger (row-level security)
  2. Backtest
    Test · Verification engine · 6 hours
    Rolling-origin backtest · Hindcasts over the archive
    Verification engineMonte Carlo engine
  3. Out-of-sample scores
    Test · Verification engine · 2 hours
    Brier and CRPS · Reliability and ROC area
    Verification engine
  4. Benchmark
    Test · Verification engine · 2 hours
    Against established indices and naive baselines
    Verification engineindicator standard
  5. Model card
    Document · You · 1 day
    Intended use and limits · Data, method and scores
    Replication packs
  6. Approval gate approval
    Approve · Method stewards · 10 days
    Disposition recorded
    PostgreSQL ledger (row-level security)
  7. Promote to production
    Approve · NXS-GRX Platform · instant
    Version pinned in production · Rollback kept
    Model LabPublic cut API
Artifacts
ArtifactJobWhoStage
Version recordModel version submittedYouSubmit
Backtest reportBacktestVerification engineTest
ScorecardOut-of-sample scoresVerification engineTest
Benchmark tableBenchmarkVerification engineTest
Model cardModel cardYouDocument
Approval recordApproval gateMethod stewardsApprove
Release tagPromote to productionNXS-GRX PlatformApprove
DoneIn progressWaiting for approvalQueuedApproval gateTest jobDeploymentYou are here
Every model version is backtested, scored out of sample, compared with established indices and documented in a model card before use. The canvas shows where a request stands at the marked job; it is an illustration, not the status of a real request. Durations are proposed target service levels. Select a job for its steps, the people who act, the technology it runs on and what it produces.
03Technology

7 components

Each job names the component it runs on; open a job on the canvas for its steps, checks and artifacts.

Model LabPostgreSQL ledger (row-level security)Verification engineMonte Carlo engineindicator standardReplication packsPublic cut API

Part of NXS-GRX Models: Scenario pathways, stress tests, tail and exceedance analytics, coupling contagion and forecasting on the open method library, with tests and model cards.

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