what is IC 7048 made up of and it's use is??
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The category of Machine Learning/AI algorithms used to detect insurance fraud is called?
Machine learning used a complex algorithm that iterates the large set of data and analyzes the pattern which is given in the data set.
The data is gathered and segmented and it goes through logistic regression and classification to detect fraud.
The Data preprocessing techniques like decision tree, random forests are used to do so.
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