We check whether there is need for an update to the model weights on an annual cadence. With 40 years of data in the calibration set, a single year of new data rarely introduces enough new information to warrant a change to the model weights. When RapidRatings determines that enough new data has been collected and analyzed to implement meaningful and substantial improvements to the industry models will be updated and details provided to clients.
How often do the industry models get updated with new information?
