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Performance estimation in production

Imagine that you are a data scientist at a car insurance company, and you have successfully implemented a model to predict insurance prices, along with a monitoring system that uses performance estimation. However, after a few weeks, you notice a drop in the model's performance and a shift towards the underrepresented region in the input data.

Are the outputs of performance estimation algorithm still valid, and why?

This exercise is part of the course

Monitoring Machine Learning Concepts

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