Interpretable Machine Learning Using Partial Linear Models

B-Tier
Journal: Oxford Bulletin of Economics and Statistics
Year: 2024
Volume: 86
Issue: 3
Pages: 519-540

Authors (4)

Emmanuel Flachaire (not in RePEc) Sullivan Hué (Aix-Marseille Université) Sébastien Laurent (Aix-Marseille Université) Gilles Hacheme (not in RePEc)

Score contribution per author:

0.503 = (α=2.01 / 4 authors) × 1.0x B-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

Despite their high predictive performance, random forest and gradient boosting are often considered as black boxes which has raised concerns from practitioners and regulators. As an alternative, we suggest using partial linear models that are inherently interpretable. Specifically, we propose to combine parametric and non‐parametric functions to accurately capture linearities and non‐linearities prevailing between dependent and explanatory variables, and a variable selection procedure to control for overfitting issues. Estimation relies on a two‐step procedure building upon the double residual method. We illustrate the predictive performance and interpretability of our approach on a regression problem.

Technical Details

RePEc Handle
repec:bla:obuest:v:86:y:2024:i:3:p:519-540
Journal Field
General
Author Count
4
Added to Database
2026-01-25