Abstract:The application of machine learning algorithms to the detection of fraudulent credit card transactions is a challenging problem domain due to the high imbalance in the datasets and confidentiality of financial data. This implies that legitimate transactions make up a high majority of the datasets such that a weak model with 99% accuracy and faulty predictions may still be assessed as high-performing. To build optimal models, four techniques were used in this research to sample the datasets including the baseli… Show more
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