December 2018
Intermediate to advanced
318 pages
8h 28m
English
Machine learning helps us flag or predict fraud based on historical data. The most common method for fraud-detection is classification. For a classification problem, a set of data is mapped to a subset based on the category it belongs to. The training set helps to determine to which subset a dataset belongs. These subsets are often known as classes:

In cases of fraudulent transactions, the classification between legitimate and non-legitimate transactions is determined by the following parameters:
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