AE 01: Case study in ML: Property assessment in Cook County
Application exercise
Note
This application exercise is completed in class and submitted via a worksheet.
Discussion questions
- Who is the sponsor for the Cook County Assessor’s Office project? Who is the client? Impacted users? What might be their competing goals/interests?
- Pick a choice that the office made in developing their assessment model. What other choices could they have made? What are the trade-offs of this choice? What might be the implications of this choice?
- Identify one type of bias that you think would impact the property assessment model. How might you evaluate this bias? What steps could you take to mitigate it?
- Who benefits from transparency in the Cook County model? If Tompkins County were to adopt a similar level of transparency, what might be the benefits and drawbacks? What issues would still remain?