Corpus ID: 233231639

Enabling Machine Learning Algorithms for Credit Scoring - Explainable Artificial Intelligence (XAI) methods for clear understanding complex predictive models

  title={Enabling Machine Learning Algorithms for Credit Scoring - Explainable Artificial Intelligence (XAI) methods for clear understanding complex predictive models},
  author={Przemysław Biecek and Marcin Chlebus and Janusz Gajda and Alicja Gosiewska and Anna Kozak and Dominik Ogonowski and Jakub Sztachelski and Piotr Wojewnik},
Rapid development of advanced modelling techniques gives an opportunity to develop tools that are more and more accurate. However as usually, everything comes with a price and in this case, the price to pay is to loose interpretability of a model while gaining on its accuracy and precision. For managers to control and effectively manage credit risk and for regulators to be convinced with model quality the price to pay is too high. So, it prevents them from using advanced models due to the lack… Expand
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