Before building an insurance approval model, an ML engineer should consider the factors of traceability, reproducibility, and explainability, as these are important aspects of responsible AI and fairness in a regulated domain. Traceability is the ability to track the provenance and lineage of the data, models, and decisions throughout the ML lifecycle. It helps to ensure the quality, reliability, and accountability of the ML system, and to comply with the regulatory and ethical standards. Reproducibility is the ability to recreate the same results and outcomes using the same data, models, and parameters. It helps to verify the validity, consistency, and robustness of the ML system, and to debug and improve the performance. Explainability is the ability to understand and interpret the logic, behavior, and outcomes of the ML system. It helps to increase the transparency, trust, and confidence of the ML system, and to identify and mitigate any potential biases, errors, or risks. The other options are not as relevant or comprehensive as this option. Redaction is the process of removing sensitive or confidential information from the data or documents, but it is not a factor that the ML engineer should consider before building the model, as it is more related to the data preparation and protection. Federated learning is a technique that allows training ML models on decentralized data without transferring the data to a central server, but it is not a factor that the ML engineer should consider before building the model, as it is more related to the model architecture and privacy preservation. Differential privacy is a method that adds noise to the data or the model outputs to protect the individual privacy of the data subjects, but it is not a factor that the ML engineer should consider before building the model, as it is more related to the model evaluation and deployment. References:
Responsible AI documentation
Traceability documentation
Reproducibility documentation
Explainability documentation
