Glossary

What is a Model Issue Type?

Model Issue Type definition
February 3, 2020
Model Risk Management

Model issue type refers to the categories of problems that may arise when developing or using machine learning models. These can include overfitting, underfitting, bias, variance, and poor generalization performance. Understanding the specific type of model issue can help to identify root causes and take steps to improve model performance and accuracy.

Examples of model issue types include:

  • Data issues (anomalies, or stability problems)
  • Model precision (issues with accuracy, sensitivity, AUC, …)
  • Model stability (e.g. overfitting)

About the

Author(s)

Yields loo
Yields

Behind Yields is a team of experts in risk, regulation, and technology. When we write as Yields, we share our combined knowledge to make complex topics clear and actionable.

Share
Yields Model Risk Management (MRM) Suite

Staying compliant with evolving regulations, especially across different countries, is challenging. The Yields MRM Suite provides advanced tools specifically designed to help with Model Risk Management regulations, ensuring you meet these specific requirements effectively.

Related Articles

Article
Event

From Principles to Practice: Building Strong AI Governance

Read more
Article

Yields recognized twice as category leader in Chartis Research Model Risk & Validation 2024 Report

Read more
Article

AI Use Case Identification: The first step to effective AI governance

Read more