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Yanka [14]
3 years ago
11

Compare the strengths and weakness of the traditional fraud detection techniques with the machine learning techniques for fraud

detection?
Business
1 answer:
scoundrel [369]3 years ago
6 0
The traditional methods when it comes to fraud detection has proven to be quite effective for a much longer period of time compared to the machine learning techniques. This is because it supervised by a trained individual. This means that that person is in charge of manually observing transactions in an effort to discover & apprehend fraudulent behavior. Its strength right now really relies on its longevity in its application.

But with the advent of technology, more and more data are available & transactions happen with every millisecond that passes. Add to that the fact that those who commit fraud have also gotten quite sophisticated in their methods. To be able to cope with the rising need for detecting fraud in real-time, machine learning techniques or unsupervised techniques have been proven to be more useful & more effective in detecting small anomalies within large data sets.
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The difference between a change in supply and a change in the quantity supplied is that the latter is:.
lakkis [162]

A change in quantity supplied is a movement along the supply curve, while a change in supply is a shift in the supply curve.

<h3>What is a supply curve?</h3>

The supply curve is a positively sloped curve that shows how quantity supplied changes with price of the good. All things being equal, the higher the price of the good, the higher the quantity supplied.

<h3>What is a change in supply and a change in quantity supplied?</h3>

A change in quantity supplied is as a result of a change in the price of the good. If price increases, quantity supplied increases and if it decreases, quantity supplied decreases.

A change in supply is caused by other factors other than price. Some of these factors include:

  • A change in the number of suppliers
  • The cost in the price of raw materials needed in the production of the good.

A change in supply leads to a movement outward or inward.

To learn more about supply curves, please check: brainly.com/question/26073189

5 0
2 years ago
Which promotion exemplifies the use of a fixed-ratio schedule of reinforcement?a café prints "you are a winner" on a random one-
VARVARA [1.3K]
<span>Which promotion exemplifies the use of a fixed-ratio schedule of reinforcement? A café prints "you are a winner" on a random one-twelfth of its coffee lids; patrons receiving such a lid can redeem it for a free beverage. A fixed-ratio schedule of reinforcement, which a response is reinforced when there is a set number of responses. Every set number of people purchasing the coffee have a chance to win a free beverage. </span>
6 0
3 years ago
Which of the following is important in determining the extent of competition in an industry?
diamong [38]
The answer is c

i hope that helped
5 0
3 years ago
The text discusses three areas a firm must be concerned with in order to keep their best and brightest employees from leaving. T
den301095 [7]

Answer:

The correct answer is a. sorting/absorbing

Explanation:

The flight of talented employees is a situation that usually hurts companies, for that reason it is important to have growth plans that allow you to retain the people who generate value for the organization. If you focus directly on the classification, you are certain of who the projected employees are, and that in the short or medium term they can directly contribute to the growth of the company; for its part, absorption refers to the process of hiring employees who are already talented in search of a training process based on previous experiences.

4 0
3 years ago
Which one of the following is NOT likely to be a result of deflation? Question 1 options: Menu costs will increase People will b
suter [353]

Answer:

Wealth will be redistributed from creditors to debtors

Explanation:

Deflation refers to the general fall in the price level of goods and services when rate of inflation becomes lesser than 0%.

Due to the fall in the price level, goods and services become cheaper, credit providers reduce the quantum of credit provided.

Fall in the prices leads to lower expenditure by the purchasers owing to lower level of confidence and such buyers delay their purchases.

Deflation increases the purchasing power of consumers since at the same level of income, buyers can now buy more compared to previously.

Hence, those who earn fixed pension observe an increase in the value of such pension.

8 0
3 years ago
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