The act of knowing incorrect claim payments and fraudulent activities falls under insurance type of data mining applications.
<h3>How is data mining used?</h3>
Data mining is known to be a tool that is often used by lots of insurance providers as it helps them to be able to know or predict the claims that are fraudulent so that one can be able to rightly target their resources and recoup a good amounts of money.
Conclusively, the act of Identifying and preventing incorrect claim payments and fraudulent activities falls under insurance type of data mining applications as it helps handles all issues regarding the above.
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Answer:
STATA AND SPSS
Explanation:
these are mostly widely used statistical package in modern statistical calculations. it is minimizes times and as well as resources.
This is about understanding a bit of Artificial Intelligence.
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<u><em>Machine Learning Technology</em></u>
We are told that they implemented an automated solution initially for operation checks. This is a form of robotic process automation because it can carry out repetitive tasks that don't require built-in intelligence as it is doing basic tasks.
- Now, they want to upgrade it to be able to recognize potential frauds that can make their security to be alerted whenever a fraud is detected. This will definitely require some form of built - in intelligence.
- Thus, the technology that should be employed should be machine learning technology because it is a branch of Artificial Intelligence that makes use of data and algorithms to copy some human actions which will be very useful here in detecting frauds.
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D. When you are programming and are having to repeat instructions you need to have that block of code in its own function
