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Trying to recogize and predict fraud in financial transactions is a good example of binary classification analysis. A transaction either is fraudulent, or it is genuine. What makes fraud detection especially challenging is the is the highly imbalanced distribution between positive (genuine) and negative (fraud) classes.
north0n-FI/Predicting-Fraud-in-Financial-Payment-Services
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Trying to recogize and predict fraud in financial transactions is a good example of binary classification analysis. A transaction either is fraudulent, or it is genuine. What makes fraud detection especially challenging is the is the highly imbalanced distribution between positive (genuine) and negative (fraud) classes.
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