Explanation
Highly interpretable models are models that can provide clear and intuitive explanations for their predictions, such as decision trees, linear regression, or logistic regression. Some of the statements that are true regarding highly interpretable models are:
They are usually easier to explain to business stakeholders: Highly interpretable models can help communicate the logic and reasoning behind their predictions, which can increase trust and confidence among business stakeholders. For example, a decision tree can show how each feature contributes to a decision outcome, or a linear regression can show how each coefficient affects the dependent variable.
They usually compromise on model accuracy for the sake of interpretability: Highly interpretable models may not be able to capture complex or non-linear patterns in the data, which can reduce their accuracy and generalization. For example, a decision tree may overfit or underfit the data if it is too deep or too shallow, or a linear regression may not be able to model curved relationships between variables.