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:

Minor Term

In logic, specifically in syllogisms, the term that is the subject of the conclusion.

Syllogism

A form of deductive reasoning consisting of a major premise, a minor premise, and a conclusion, often structured in categorical logic.

Whales

Large marine mammals belonging to the cetacean family, known for their intelligence and often extreme size.

Minor Premise

The second premise in a syllogism, which provides a specific instance that is related to the general assertion made by the major premise.