vA data set is given to you about utilities fraud detection. You have built aclassifier model and achieved a performance score of 98.5%. Is this a goodmodel? If yes, justify. If not, what can you do about it?

By drakula david in 22 Sep 2023 | 01:48 pm
drakula david

drakula david

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Posts: 128
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A data set is given to you about utilities fraud detection. You have built aclassifier model and achieved a performance score of 98.5%. Is this a goodmodel? If yes, justify. If not, what can you do about it?

22 Sep 2023 | 01:48 pm
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divas goyal

divas goyal

Student
Posts: 453
Member since: 22 Sep 2023

 Achieving a 98.5% performance score in a fraud detection model may or may not be good, depending on factors like class imbalance and the cost of false positives/negatives.

   - Justification would require analyzing the precision, recall, and F1-score of the model, considering the specific goals of the fraud detection task.

   - To improve it, you might consider different algorithms, adjusting the decision threshold, or addressing class imbalance.


23 Sep 2023 | 03:22 pm
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