expert judgement
as defined in Regulation (EU) 2016/1011 of the European Parliament and of the Council of 8…, Article 3(1), point (13) (Definitions)
the exercise of discretion by an administrator or a contributor with respect to the use of data in determining a benchmark, including extrapolating values from prior or related transactions, adjusting values for factors that might influence the quality of data such as market events or impairment of a buyer or seller's credit quality, and weighting firm bids or offers greater than a particular concluded transaction;