Imbalanced Classification with the Fraudulent Credit Card Transactions Dataset
Last Updated on August 21, 2020 Fraud is a major problem for credit card companies, both because of the large volume of transactions that are completed each day and because many fraudulent transactions look a lot like normal transactions. Identifying fraudulent credit card transactions is a common type of imbalanced binary classification where the focus is on the positive class (is fraud) class. As such, metrics like precision and recall can be used to summarize model performance in terms of […]
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