Searching for Hot Spots Lesson 15

Hot Spots are regions of modeling space that have are the richest in the event of interest. In fraud detection problems, we could be interested in identifying a set of rules that lead to a high ratio of fraud so as to flag records that are almost guaranteed to be fraudulent.

Searching for Hot Spots Lesson 15

Hot Spots are regions of modeling space that have are the richest in the event of interest. In fraud detection problems, we could be interested in identifying a set of rules that lead to a high ratio of fraud so as to flag records that are almost guaranteed to be fraudulent.