MCQ IN COMPUTER SCIENCE & ENGINEERING

COMPUTER SCIENCE AND ENGINEERING

MACHINE LEARNING

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which model is the best choice for fraud detection?
A
Precision = 0.8, Recall = 0.4
B
Precision = 0.4, Recall = 0.8
C
Precision = 0.7, Recall = 0.7
D
None of the above
Explanation: 

Detailed explanation-1: -Precision is a good measure to determine when the cost of false positives is high. E.g.-email spam detection. Recall-When there is a high cost associated with false negatives. E.g.-fraud detection or sick patient detection.

Detailed explanation-2: -Here, recall is a better measure than precision. If you were to optimize recommendations on YouTube, false negatives are less important since only a small subset of recommendations is shown anyways. Most importantly, false positives (bad recommendations) should be avoided.

Detailed explanation-3: -Fraud Detection Machine Learning Algorithms Using Logistic Regression: Logistic Regression is a supervised learning technique that is used when the decision is categorical. It means that the result will be either ‘fraud’ or ‘non-fraud’ if a transaction occurs.

Detailed explanation-4: -The commonly used machine learning algorithms include LR, Naïve Bayes and KNN. The KNN has an accuracy rate of 97.69% when it comes to the detection of fraudulent transactions in Credit card [13].

There is 1 question to complete.