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Machine Learning for Risk Management: Fraud Detection Using Machine Learning

4,514 views · Published 8 October 2018 · 4:43 · Indexed 12 November 2026

Channel: MATLAB · 2018 · Science & Technology

- Learn about Quantitative Finance and Risk Management using MATLAB: http://bit.ly/2KrVtSX
Credit card fraud may be one of the most common fraudulent activities in many countries. 

The number of fraudulent activities is very small (less than 1%). Common performance metrics, such as accuracy, may not be that useful for determining model performance. 

- Download a Trial: http://bit.ly/2V8ZWyW

In this demo, you will learn how to use machine learning to detect fraudulent activities as well as how to use built-in functions in MATLAB® to calculate the area under the precision-recall curve (AUPRC), a custom performance metric.

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Machine Learning for Risk Management: Fraud Detection Using Machine Learning

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