When do you think you should retrain a model? Is it dependent on the data?

Business data keeps changing on a day-to-day basis, but the format doesn’t change. As and when a business operation enters a new market, sees a sudden rise of opposition or sees its own position rising or falling, it is recommended to retrain the model. So, as and when the business dynamics change, it is recommended to retrain the model with the changing behaviors of customers.