A system and method for calibrating parameters for a refrigeration system having a variable speed compressor is provided. A compressor is connected to a condenser and an evaporator. A condenser sensor outputs a condenser signal corresponding to at least one of a sensed condenser pressure and a sensed condenser temperature. An inverter drive modulates a frequency of electric power delivered to the compressor to modulate a speed of the compressor. A control module is connected to the inverter drive and determines a measured condenser temperature based on the condenser signal, monitors electric power data and compressor speed data from the inverter drive, calculates a derived condenser temperature based on the electric power data, the compressor speed data, and compressor map data for the compressor, compares the measured condenser temperature with the derived condenser temperature, and updates the compressor map data based on the comparison.