08. Mitigation Strategies for Model Drift
AI For Trading C6 L4 A07 Mitigation Strategies For Model Drift V2
Effective Model Drift Management
Understanding and addressing model drift ensures the reliability of machine learning systems. When model drift is detected through performance analysis or statistical methods, these strategies help:
Retrain the Model:
- Retrain when decay surpasses a certain threshold.
- Especially effective in cases of data drift, preserving learned concepts despite changing data distributions.
- Set up automated retraining at regular intervals with newer data.
Warnings and Automated Retraining:
- Enable alarms and automatic retraining triggers when drift is detected.
- Combine with periodic retraining to prevent performance degradation.
Incremental or Online Learning:
- Makes use of available options in some neural networks and traditional ML models.
- Involves partial retraining by adjusting previously learned weights with new data.
Engage in exercises and demos to understand application processes.
Familiarize with these strategies to evaluate and enhance the performance of AI models effectively.
Additional Resources
- Metrics and scoring: quantifying the quality of predictions (From the scikit-learn User Guide pages)
- The Shapley Value for ML Models
- Understanding model predictions with LIME