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Abstract

"Introduction to Regression Analysis - key concepts, types, and examples."

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philipos1000
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23 views1 page

Abstract

"Introduction to Regression Analysis - key concepts, types, and examples."

Uploaded by

philipos1000
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Abstract: This paper reviews the application of machine learning techniques in fraud detection.

Traditional rule-based systems are often inadequate in detecting complex and evolving fraud
patterns. Machine learning algorithms, such as neural networks, support vector machines, and
decision trees, offer improved accuracy and adaptability in identifying fraudulent activities. The
paper examines various machine learning models, their strengths and weaknesses, and their
effectiveness in different fraud scenarios, including credit card fraud, insurance fraud, and online
fraud.

1. Introduction

● The growing problem of fraud.


● Limitations of traditional fraud detection methods.
● The potential of machine learning.

2. Machine Learning Techniques

● Supervised learning (e.g., classification, regression).


● Unsupervised learning (e.g., clustering, anomaly detection).

3. Case Studies

● Credit card fraud detection using neural networks.


● Insurance fraud detection using decision trees.
● Online fraud detection using support vector machines.

4. Challenges and Future Directions

● Data imbalance.
● Concept drift.
● Explainability of models.

5. Conclusion

● Machine learning offers significant advantages in fraud detection.


● Ongoing research is addressing challenges and improving the effectiveness of these
techniques.
○

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