Working at a retail bank you trained a model that predicts

Last updated: 6/6/2023

Working at a retail bank you trained a model that predicts the risk of a given customer missing two consumer credit payments in a row You established that the model performs accurate risk estimation for previously unseen data However you additionally analyzed whether the rate of falsely predicting a high value of risk is greater for younger clients age 25 compared to clients of other ages What stage of the ML process is described in this scenario Business understanding Data understanding Data preparation Modeling