1. Apparatus for testing a conducted energy weapon, comprising: (a) receptacle means for connecting a set of terminals on the conducted energy weapon to a resistive load; (b) sensor means for producing a load signal representative of electrical current pulses delivered from the set of terminals to the resistive load when the conducted energy weapon is discharged; (c) analyzer means responsive to the load signal for producing a plurality of characteristic signals representative of characteristics of the electrical current pulses; (d) risk estimation means responsive to the plurality of characteristic signals for producing a risk estimate representative of a risk of injury to a targeted subject due to an electrical stimulation imparted by the conducted energy weapon; and (e) indicator means responsive to the risk estimate for indicating the risk of injury to the targeted subject.