I am continuing with my data mining and machine learning algorithms series. Naive Bayes is a nice algorithm for classification and prediction. It calculates probabilities for each possible state of the input attribute, given each state of the predictable attribute, which can later be used to predict an outcome of the predicted attribute based on ...

This is the fourth part of the fraud detection whitepaper. You can find the first part, the second part, and the third part in my previous blog posts about this topic. Data Mining Models We create multiple mining models by using different algorithms, different input data sets, and different algorithm parameters. Then we evaluate the models in ...