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Model explainability is a critical aspect of machine learning, especially when deploying models in real-world applications or making decisions based on model predictions. Explainability helps in understanding how models arrive at predictions, builds trust, and allows stakeholders to interpret and validate model decisions. Let’s dive into various aspects of model explainability.
I. Why Model Explainability?
1. Trust and Accountability:
- Understanding how a model makes decisions fosters trust among users and stakeholders.
- In regulated industries, explainability is often a legal or ethical requirement.
2. Debugging and Improvement:
- Explainable models make it easier to identify and fix issues.
- Interpretability can provide insights into feature importance and potential model biases.
3. User Understanding:
- Users, especially non-technical ones, may need explanations for model predictions to make informed decisions.
4. Fairness and Bias Mitigation:
- Explainability aids in detecting and mitigating biases in models.