COMPUTER SCIENCE AND ENGINEERING
MACHINE LEARNING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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In which cases, machine learning is NOT useful?
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A bank wants to call to sell bond to top 10 percent customers
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A bank wants find potential customers to offer lending but has no data about past interaction
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A bank want to segment customers into different groups to serve them better
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A bank wants to display credit card banner to all digital app users
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Explanation:
Detailed explanation-1: -Some of the most widely adopted applications of machine learning in finance include fraud detection, risk management, process automation, data analytics, customer support, and algorithmic trading. The use of machine learning in finance is evolving and aiming to move towards autonomous finance.
Detailed explanation-2: -Banks and financial institutions use machine learning for other purposes such as fraud detection and prevention. Machine learning can help banks make better decisions about who to lend money to, how much to extend, and when to pull back. Machine learning is also being used to improve fraud detection and prevent losses.
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