August 2019
Intermediate to advanced
342 pages
9h 35m
English
The expert-driven approach consists of implementing predictive models based on rules that have been established by experts in the sector (not by chance that the expert-driven approach is also defined as a rule-based approach).
The rules follow logical conditions of the if...then..else form, and are aimed at representing the different fraud scenarios and the related countermeasures to be adopted automatically following the checks carried out on the transaction data.
Therefore, a possible rule that identifies all credit card transactions as fraudulent if they exceed a certain amount of money, related to purchases made with a certain daily frequency (also compared with the historical series resembling a customer's ...
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