ExamGecko
Question list
Search
Search

List of questions

Search

Related questions











Question 85 - MLS-C01 discussion

Report
Export

A Machine Learning Specialist works for a credit card processing company and needs to predict which transactions may be fraudulent in near-real time. Specifically, the Specialist must train a model that returns the probability that a given transaction may be fraudulent

How should the Specialist frame this business problem'?

A.
Streaming classification
Answers
A.
Streaming classification
B.
Binary classification
Answers
B.
Binary classification
C.
Multi-category classification
Answers
C.
Multi-category classification
D.
Regression classification
Answers
D.
Regression classification
Suggested answer: B

Explanation:

Binary classification is a type of supervised learning problem where the goal is to predict a categorical label that has only two possible values, such as Yes or No, True or False, Positive or Negative. In this case, the label is whether a transaction is fraudulent or not, which is a binary outcome. Binary classification can be used to estimate the probability of an observation belonging to a certain class, such as the probability of a transaction being fraudulent. This can help the business to make decisions based on the risk level of each transaction.References:

Binary Classification - Amazon Machine Learning

AWS Certified Machine Learning - Specialty Sample Questions

asked 16/09/2024
Earl Frederick
32 questions
User
Your answer:
0 comments
Sorted by

Leave a comment first