Predictive Model

What Is A Predictive Model? The Simple Definition A type of model that predicts an outcome. For example, a model that evaluates a person’s loan application would look to predict whether the applicant will pay the loan back or not. The Technical Definition Of A...
Model

Model

What Is An AI Model? The Simple Definition A program that has been trained using data to find patterns, make predictions or generate content. The Technical Definition A model is a computer program or algorithm that has been trained to perform a specific task or make...
Model

Machine Learning

What Is Machine Learning? The Simple Definition A process for creating models by learning patterns and inference derived from data. The Technical Definition Machine learning is a subset of artificial intelligence that involves the development of algorithms and models...
Model

Automated Employment Decisioning Tool (AEDT)

What Is An Automated Employment Decisioning Tool (AEDT)? The Simple Definition A program that uses machine learning, statistical inference, artificial intelligence, or data analytics to replace or assist decision-making. The Technical Definition An Automated...
Model

AI Explainability

What Is AI Explainability? The Simple Definition The process of interpreting how a model arrived at its decision in a way that humans can understand. Explainability is important to gain trust in the AI system and to make sure AI is logical, robust, and fair. The...