Recognizing Patterns, Such as Identifying Fraudulent Insurance Claims Made by Otherwise

question 25

Multiple Choice

Recognizing patterns, such as identifying fraudulent insurance claims made by otherwise consistent policyholders, is an example of which kind of descriptive analysis technique?

• A) Data screening
• B) Visualization
• C) Neural networks
• D) Data fusion
• E) Data mining

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Definitions:

Company Funds

Monetary resources owned or held by a company, often used for operational costs, investments, expansion, and other financial activities within the business.

Considerable Traveling

Refers to the significant amount of travel, often required by certain professions, to meet clients, attend meetings, or supervise operations.

Sales Jobs

Positions or careers focused on selling products or services, and may involve direct customer interaction, strategy development, and target achievement.

Customer Relationship Process

A strategic approach to managing a company's interactions with current and future customers, often involving the use of technology to organize, automate, and synchronize sales, marketing, customer service, and technical support.