Advances in Research Methods

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Paper Type

Complete

Paper Number

1323

Description

In dynamic data environments, we often lack sufficient information to adjust prediction models in a timely manner. In this study, we investigate whether and how we can use transfer learning (i.e., training a model using large but potentially less relevant data sets consisting of both historical and recent source data) when there is only a small amount of source data that exhibits the target data pattern. We provide theoretical insights on when and to what extent transfer learning works by using a sample selection perspective to represent changes. We conduct simulation analyses to examine two practical trade-offs data analysts face with data changes – 1) whether or not they should use transfer learning to retrain the prediction model, and 2) whether they should adjust the prediction model immediately or later when more timely-relevant source data becomes available. Our study offers theoretical and practical guidelines for data analytics in dynamic data environments.

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Dec 14th, 12:00 AM

Transfer Learning in Dynamic Data Environments: Trade-offs in Response to Changes

In dynamic data environments, we often lack sufficient information to adjust prediction models in a timely manner. In this study, we investigate whether and how we can use transfer learning (i.e., training a model using large but potentially less relevant data sets consisting of both historical and recent source data) when there is only a small amount of source data that exhibits the target data pattern. We provide theoretical insights on when and to what extent transfer learning works by using a sample selection perspective to represent changes. We conduct simulation analyses to examine two practical trade-offs data analysts face with data changes – 1) whether or not they should use transfer learning to retrain the prediction model, and 2) whether they should adjust the prediction model immediately or later when more timely-relevant source data becomes available. Our study offers theoretical and practical guidelines for data analytics in dynamic data environments.

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