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Bias in Models and Data

HardMachine Learning00:00
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Your question is Bias in Models and Data. Take a moment with it on the right.

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Problem

Scenario

You are reviewing a supervised learning pipeline and notice that model errors may come from both the data and the model itself. You want a structured way to diagnose whether the issue is underfitting, overfitting, or biased data collection.

Question

How would you deal with bias in a model or dataset?

Representative Dataset

size·120K loan applications, 38 featurestarget·Default within 12 monthsfeatures·Numerical, categorical, and engineered ratio featuresmissing_data·8% missing, concentrated in thin-file applicantsclass_balance·14% positive