Assessing Sensitivity of Machine Learning Predictions.A Novel Toolbox with an Application to Financial Literacy
机器学习预测敏感性评估:金融素养应用的新工具箱
Despite their popularity, machine learning predictions are sensitive to potential unobserved predictors. This paper proposes a general algorithm that assesses how the omission of an unobserved variable with high explanatory power could affect the predictions of the model. Moreover, the algorithm extends the usage of machine learning from pointwise predictions to inference and sensitivity analysis. In the application, we show how the framework can be applied to data with…