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In this paper, we study this trade-off in the context of a specific domain, Cellular Radio Access Networks (RAN). Our choice of this domain is influenced by its commonalities with several other domains that produce real-time data, our access to a large live dataset, and their real-time nature and dimensionality which makes it a natural fit for a popular analysis technique, machine learning (ML). We find that the latency accuracy trade-off can be resolved using two broad, general techniques: intelligent data grouping and task formulations that leverage domain characteristics. Based on this, we present CellScope, a system that addresses this challenge by applying a domain specific formulation and application of Multi-task Learning (MTL) to RAN performance analysis. It achieves this goal using three techniques: feature engineering to transform raw data into effective features, a PCA inspired similarity metric to group data from geographically nearby base stations sharing performance commonalities, and a hybrid online-offline model for efficient model updates. Our evaluation of CellScope shows that its accuracy improvements over direct application of ML range from 2.5× to 4.4× while reducing the model update overhead by up to 4.8×. We have also used CellScope to analyze a live LTE consisting of over 2 million subscribers for a period of over 10 months, where it uncovered several problems and insights, some of them previously unknown.