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What are best practices for Model Benchmarking

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When working with Model Benchmarking, start with a clear goal, test on real data early, keep the approach as simple as possible at first, and follow established practices from the AI community rather than guessing.
Real-world example A research team benchmarks their new language model against other popular models using a standard set of reasoning questions.

Common follow-ups: What is AI Model Evaluation & Testing, How is Model Benchmarking evaluated in practice, What tools are commonly used for Model Benchmarking

AI Model Evaluation & Testing topics: Model Accuracy & Precision Metrics Confusion Matrix Analysis ROC & AUC Curves
All 7 Model Benchmarking questions