Fun AI generated Music Video on Model Bias Lyrics - by Gemini, Voice and Music by Suno.ai Bias in a model refers to systematic errors or inaccuracies in predictions caused by factors such as skewed training data, algorithmic design, or assumptions made during model development. Bias in a model can lead to unfair or discriminatory outcomes, inaccurate predictions, and a lack of generalization to new or unseen data. Feedback Loop Bias: Description: Results from a feedback loop where the model's predictions influence user behavior, which in turn affects the data used to train the model, leading to biased predictions. Fintech Data Scientist Example (PayPal): If PayPal's fraud detection system incorrectly flags a legitimate transaction as fraudulent, resulting in the user being blocked from making further transactions, the user's subsequent behavior may be influenced by this experience, leading to biased data used to retrain the model. Social App Data Scientist Example (Me...