model-auditing

Vocabulary Word

Definition

Model-auditing is the process of inspecting, validating, and scrutinising a computer or mathematical model. It's like a proofreader checking a writer's draft to make sure everything makes sense and follows the rules.

Examples in Different Contexts

In regulatory compliance, 'model auditing' involves examining AI models to ensure they meet legal and ethical standards. A compliance officer might say, 'Our model auditing process helps identify any biases or regulatory issues before deployment.'

Practice Scenarios

Operations

Scenario:

Our warehouse inventory is not aligning with the forecasted demand. Should we reevaluate our predictive model?

Response:

That's a good idea. Let's audit our predictive model to ensure it's accurately projecting inventory needs.

Academics

Scenario:

The research findings seem inconsistent with our initial assumptions. We may need to revisit the statistical model.

Response:

Yes, we should audit our statistical model to make sure variables are properly controlled for.