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Dynamic evaluation is:
the evaluation of dynamic, i.e. changing, systems;
the evaluation of something in the face of changing conditions or a changing environment;
the evaluation of something in the face of changing goals and changing basic knowledge about the phenomenon;
evaluation by a system capable to learn.
This means that dynamic evaluation is a kind of evaluation in which either the object or the method of evaluation is changing and dynamic.
The object of evaluation is not specified and can be anything. (Hornung)