Master Data Services database deployment

We have Master Data Services database in our development, Test and Production environments. Data is been entered into Production and we need to keep our test and development servers in Sync. I couldn't find the documentation to handle this.

I am not sure if this process is correct-

For moving updated data from Development we are following this process-

create second version of the model and make the changes in it and then deploy the 2nd version to test and prod.

Can we do this same above process from Production to test and Development to keep them  in Sync?

Thanks

Vibha