Difference between revisions of "Baseline Scenario"

From Open Risk Manual
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== Definition ==
 
== Definition ==
'''Baseline Scenario''' in the context of [[Stress Testing]] is a [[Stress Scenario]] that is designed to emulate the expected unfolding of events. It forms the basis against which unexpected events and their impact can be assessed on a relative basis. A reference case that represents the events or conditions most likely to occur in the absence of the policy or action (or package of policies or actions) being assessed.
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'''Baseline Scenario''' is the expected development of a number of related uncertain factors.
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== Examples ==
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* in the context of [[Stress Testing]] is a [[Stress Scenario]] that is designed to emulate the expected unfolding of events. It forms the basis against which unexpected events and their impact can be assessed on a relative basis. A reference case that represents the events or conditions most likely to occur in the absence of the policy or action (or package of policies or actions) being assessed.
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* In the [[GHG Protocol]] context it is a hypothetical description of what would have most likely occurred in the absence of any considerations about climate change mitigation.
  
 
== Examples ==
 
== Examples ==

Revision as of 17:14, 1 November 2021

Definition

Baseline Scenario is the expected development of a number of related uncertain factors.

Examples

  • in the context of Stress Testing is a Stress Scenario that is designed to emulate the expected unfolding of events. It forms the basis against which unexpected events and their impact can be assessed on a relative basis. A reference case that represents the events or conditions most likely to occur in the absence of the policy or action (or package of policies or actions) being assessed.
  • In the GHG Protocol context it is a hypothetical description of what would have most likely occurred in the absence of any considerations about climate change mitigation.

Examples


See Also