Question

Data mining for business applications fraud detection

Answer 1

The main AI techniques used for fraud detection include: Data mining to classify, cluster, and segment the data and automatically find associations and rules in the data that may signify interesting patterns, including those related to fraud. Expert systems to encode expertise for detecting fraud in the form of rules

Answer 2

Explanation:

Answer:

Data mining is the process of analyzing data from different sources and summarizing it into relevant information that can be used to help increase revenue and decrease costs. Its primary purpose is to find correlations or patterns among dozens of fields in large databases.