Online learning is better than batch, right? Wrong! (Ep. 200)
Data Science at Home
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The Credit Card Fraud Prediction Example
You cannot consider the single transaction to perform a prediction. You need an historical record of these transactions yourso needs static data, e things like phico scores. For example, if i see that you have been purchasing stuff from a united states, italy and china in the same day, well i'm going to probably start believing that your card is being cloaned.
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