Comment by wongarsu
So if I want to make a model to recommend inkjet printers then a quarter of all recommendations should be for HP printers? After all, a quarter of all sold printers are HP.
As you say, that would be a crappy model. But in my opinion that would also be hardly a fair or unbiased model. That would be a model unfairly biased in favor of HP, who barely sell anything worth recommending
Yes, well there's the irony.
"Unbiased" and "fair" are quite overloaded here, to borrow a programming term.
I think it's one of those times where single words should expressly NOT be used to describe the intent.
The intent of this is to presume that the rate of the thing we are trying to detect is constant across subgroups. The definition of a "good" model therefore is one that approximates this.
I'm curious if their data matches that assumption. Do subgroups submit bad applications at the same rate?
It may be that they don't have the data and therefore can't answer that.