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When performance estimation is off

Imagine you're a data scientist at a bank, working on a loan default use case. You receive labels to validate your model and performance estimation algorithm every month. During one particular month, you observe that many customers with well-paid jobs are defaulting more often due to a significant surge in inflation and a corresponding job crisis.

As you compare the estimated and realized performance, you notice a significant disparity between them.

What could be why the performance estimation algorithm is not as effective in this situation?

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Monitoring Machine Learning in Python

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