Managing Model Development - with Katie Bakewell of NLP Logix
The AI in Business Podcast
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The Impact of Market Conditions on Models
Underlying changes can make a model obsolete. If your training data doesn't match alongside your actual data that's happening in real time, eventually that model is going to slip. But then the other side is there's things, you know, debt collections are really good example of this. There's market conditions. They really sort of change the game and,you know, going back to the unemployment example. Up until COVID, high unemployment was indicative of a lower likelihood ofHey, let me make a payment. People who were on unemployment were suddenly a little bit flushed with cash...
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