model auditing
[ˈmɒd.əl ˈɔː.dɪ.tɪŋ]
noun
auditoria de modelo
1. The systematic examination and evaluation of a mathematical, statistical, or machine learning model to verify its accuracy, validity, and compliance with established standards and regulations
Model auditing is essential before deploying machine learning systems in financial institutions.
A auditoria de modelo é essencial antes de implementar sistemas de aprendizado de máquina em instituições financeiras.
2. A comprehensive review process that assesses whether a model's assumptions, inputs, outputs, and methodologies are appropriate and reliable for its intended use
The regulatory body mandated model auditing for all credit risk assessment systems.
O órgão regulador mandatou a auditoria de modelo para todos os sistemas de avaliação de risco de crédito.
3. The practice of verifying that a model performs as expected and does not contain biases, errors, or unintended consequences
Model auditing helped identify algorithmic bias in the hiring prediction system.
A auditoria de modelo ajudou a identificar viés algorítmico no sistema de previsão de contratação.
Model auditing has become increasingly critical in both Brazil and the USA due to regulatory requirements from central banks and financial authorities. In Brazil, the Central Bank (Banco Central do Brasil) has been emphasizing model governance and auditing in its recent regulations. This term is predominantly used in financial services, insurance, and technology sectors where algorithmic decision-making carries significant legal and ethical implications.
Look up more words on Fala2Me
The free English-Portuguese dictionary with real Brazilian accents, NYC slang, conjugator and more
Open Fala2Me →