Which predictive analytics technique predicts if there is fraud (vs no fraud) present in their financial statements?
Question
Solution 1
The predictive analytics technique that is often used to predict if there is fraud (vs no fraud) present in financial statements is called Logistic Regression.
Here are the steps to use Logistic Regression for fraud detection:
- Data Collection: Gather historical data where instances of fraud an Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
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