Loop performance indicates the performance of control loops, typically in the context of a regulatory PID loop. Performance refers to the accuracy of a control system's ability to track (output) the desired signals to properly regulate the plant it is attached to.
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“The honor my country shall never be stained by an apology from me for the statement of truth and the performance of duty; nor can I give any explanation of my official acts except such as is due to integrity and justice and consistent with the principles on which our institutions have been framed.”
—Andrew Jackson (1767–1845)