What is Explainable AI? Why is it important?

With the increasing use of AI in our daily routines, it is becoming critical to understand how it actually works. Introducing explainable AI.

Why is Bias-Variance Tradeoff important after all?

In evaluating a model, you should understand the concepts of bias, variance, and the trade-off in minimizing them. Knowing how to handle these errors would help you build accurate models and avoid falling into the overfitting and underfitting traps.