Question

How can you balance the need at this time that stakeholders have for an answer with your uncertainty and need to fine-tune and improve your level of confidence in the model and its performance? Can you find any examples of a time when a model was launched before it was ready, either due to rushing or pressure to get something out the door? What went wrong?

Answer 1

Balancing the need for an answer with stakeholder uncertainty and the potential consequences of launching an unfinished model.

Step-by-step explanation:

When balancing the need for an answer from stakeholders with uncertainty and the need to improve confidence in a model, it is important to communicate openly and set realistic expectations. Stakeholders should be informed about the level of uncertainty and potential need for fine-tuning. An example of a time when a model was launched before it was ready is the case of the Boeing 737 Max. Due to pressure to compete with Airbus, Boeing rushed the development of the aircraft's software, leading to fatal crashes. This highlights the importance of thorough testing and validation before launching a model.