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Which of the following is an application of anomaly detection?Answer areaGrouping similar documentsDetecting credit card fraudClustering customers based on purchase historyPredicting house prices

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Which of the following is an application of anomaly detection?Answer areaGrouping similar documentsDetecting credit card fraudClustering customers based on purchase historyPredicting house prices

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Solution

Detecting credit card fraud is an application of anomaly detection. This is because anomaly detection is about identifying data points or patterns that deviate significantly from the expected or normal behavior. In the context of credit card transactions, normal behavior would be the typical spending patterns of a customer. Any significant deviation from this, such as a sudden large purchase or a series of transactions in a location far from the customer's usual locations, could be flagged as potential fraud.

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Recommendation system and Anomaly detection are the applications ofSupervised Machine LearningUnsupervised Machine LearningSemi-Supervised Machine LearningReinforcement LearningPrevious questionNext questionFinishJoin us today#We will send the best deals and offers to your email.JoinAbout USGear Up to engage yourself in systematic and sustained self-paced learning activities at VITyarthi and gain new forms of knowledge, skills, attitudes and values.ResourcesPrivacy PolicyTerms of UseRefund PolicyContactExploreBecome a PartnerLoginRegisterCertificate VerificationContactKalvi Educational Technologies LLP 26/47, Moosa Street, T Nagar, Chennai – 600017, Tamil [email protected]

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