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Many biological systems exhibit oscillations in relation to key physiological or cellular functions, such as circadian rhythms, mitosis and DNA synthesis. Mathematical modelling provides a powerful approach to analysing these biosystems. Applying parameter estimation methods to calibrate these models can prove a very challenging task in practice, due to the presence of local solutions, lack of identifiability, and risk of overfitting. This paper presents a comparison of three state-of-the-art methods: frequentist, Bayesian and set-membership estimation. We use the Fitzhugh-Nagumo model with synthetic data as a case study. The computational performance and robustness of these methods is discussed, with a particular focus on their predictive capability using cross-validation.

Critical Assessment of Parameter Estimation Methods in Models of Biological Oscillators