Exam Professional Machine Learning Engineer topic 1 question 27 discussion

I think the answer should be B. as I review the OECD document on impact of AI on insurance, the document mention explainability, traceable. However, open for discussion. https://www.oecd.org/finance/Impact-Big-Data-AI-in-the-Insurance-Sector.pdf

Should be B

As per ChatGPT, anwser is B

Agree with B

B) Traceability, Reproducibility and Explainability

A kinda makes sense here, because redaction means remove sensitive or private information before sharing it..

went with B

B. Traceability, reproducibility, and explainability. Traceability: This involves maintaining records of the data, decisions, and processes used in the model. This is crucial in regulated industries for audit purposes and to ensure compliance with regulatory standards. It helps in understanding how the model was developed and how it makes decisions. Reproducibility: Ensuring that the results of the model can be reproduced using the same data and methods is vital for validating the model's reliability and for future development or debugging. Explainability: Given the significant impact of the model’s decisions on individuals' lives, it's crucial that the model's decisions can be explained in understandable terms. This is not just a best practice in AI ethics; in many jurisdictions, it's a legal requirement under regulations that mandate transparency in automated decision-making.

B. Traceability, reproducibility, and explainability are the most important factors to consider before building an insurance approval model. Traceability ensures that the data used in the model is reliable and can be traced back to its source. Reproducibility ensures that the model can be replicated and tested to ensure its accuracy and fairness. Explainability ensures that the model's decisions can be explained to customers and regulators in a transparent manner. These factors are crucial for building a trustworthy and compliant model for an insurance company. Redaction is also important for protecting sensitive customer information, but it is not as critical as the other factors listed. Federated learning and differential privacy are techniques used to protect data privacy, but they are not necessarily required for building an insurance approval model.

Went with B

B. Traceability, reproducibility, and explainability When developing an insurance approval model, it's crucial to consider several factors to ensure that the model is fair, accurate, and compliant with regulations. The factors to consider include: Traceability: It's important to be able to trace the data used to build the model and the decisions made by the model. This is important for transparency and accountability. Reproducibility: The model should be built in a way that allows for its reproducibility. This means that other researchers should be able to reproduce the same results using the same data and methods. Explainability: The model should be able to provide clear and understandable explanations for its decisions. This is important for building trust with customers and ensuring compliance with regulations. Other factors that may also be important to consider, depending on the specific context of the insurance company and its customers, include data privacy and security, fairness, and bias mitigation.

B. Traceability, reproducibility, and explainability When developing an insurance approval model, it's crucial to consider several factors to ensure that the model is fair, accurate, and compliant with regulations. The factors to consider include: Traceability: It's important to be able to trace the data used to build the model and the decisions made by the model. This is important for transparency and accountability. Reproducibility: The model should be built in a way that allows for its reproducibility. This means that other researchers should be able to reproduce the same results using the same data and methods. Explainability: The model should be able to provide clear and understandable explanations for its decisions. This is important for building trust with customers and ensuring compliance with regulations. Other factors that may also be important to consider, depending on the specific context of the insurance company and its customers, include data privacy and security, fairness, and bias mitigation.

Checking Google documents, it seems D.

ans: B

Correct answer is "B"

should be D as all of the techniques abide to any problems related to insurance

B should be True