Q5: Max Margenot – Good (and Not So Good) Uses of Machine Learning in Finance
Chat With Traders
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Unsupervised Learning: A Way to Market Fraud
An unsupervised machine learning model might look at your credit card transactions and say 95% of them have a value of between one and $200. That's not really looking at what is or isn't fraud, that's looking for some sudden bursts in purchases which are outside the wealth of what we've already had to deal with. And so another big thing that machine learning algorithms do is they usually try to confine patterns across multiple different variables.
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