In a method for generating a model for modeling at least a portion of the process plant, M process variable data sets, where M is an integer, may be used to determine statistical data that may be utilized to scale process variable data sets. The M process variable data sets are scaled and then utilized to calculate intermediate model terms. For each additional process variable data set, it is scaled using the statistical data and then utilized to update the intermediate model terms. When an adequate number of process variable data sets have been processed, the model may be calculated using the intermediate model terms.