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You are an ML engineer at a manufacturing company You are creating a classification model for a predictive maintenance use case You need to predict whether a crucial machine will fail in the next three days so that the repair crew has enough time to fix the machine before it breaks. Regular maintenance of the machine is relatively inexpensive, but a failure would be very costly You have trained several binary classifiers to predict whether the machine will fail. where a prediction of 1 means that the ML model predicts a failure. You are now evaluating each model on an evaluation dataset. You want to choose a model that prioritizes detection while ensuring that more than 50% of the maintenance jobs triggered by your model address an imminent machine failure. Which model should you choose?
Correct Answer: C
In predictive maintenance, the goal is to identify which machines are likely to fail soon, so that the repair crew can fix them before they break. In this context, it is important to prioritize detection, while also ensuring that more than 50% of the maintenance jobs triggered by your model address an imminent machine failure. Recall is a metric that measures the proportion of actual positive observations that are correctly predicted as such by the model. In this case, recall is a good metric to use because it measures how well the model is able to identify the machines that are likely to fail soon. Precision is a metric that measures the proportion of positive predictions that are actually true. In this case, precision is also important because it measures how many of the machines that the model predicts will fail soon, actually do fail soon. By combining these two metrics, you can ensure that your model is able to identify the machines that are likely to fail soon with a high degree of accuracy. In this case, the model with the highest recall where precision is greater than 0.5 will be the best model, as it will have a high ability to identify the machines that are likely to fail soon and also it will have a high degree of accuracy. Reference: Recall and Precision Predictive Maintenance Metrics for classification