A Machine Learning Specialist Works for a Credit Card Processing

question 21

Multiple Choice

A Machine Learning Specialist works for a credit card processing company and needs to predict which transactions may be fraudulent in near-real time. Specifically, the Specialist must train a model that returns the probability that a given transaction may fraudulent. How should the Specialist frame this business problem?

• A) Streaming classification
• B) Binary classification
• C) Multi-category classification
• D) Regression classification

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Definitions:

Performance Evaluation

The systematic process of assessing and documenting an employee's work performance and providing feedback.

Program Implementation

The process of executing plans, strategies, or initiatives to achieve specific goals or outcomes.

Trend Analysis

The practice of collecting data and analyzing patterns over time to predict future behaviors or outcomes.

Workforce Utilization Review

An analysis process focused on how effectively an organization uses its employees and their skills.