Category: sampling
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Credit Card Fraud Detection with Different Sampling Techniques
Credit Card Fraud Detection with Different Sampling Techniques How to deal with imbalanced data Photo by Bermix Studio on Unsplash Credit card fraud detection is a plague that all financial institutions are at risk with. In general fraud detection is very challenging because fraudsters are coming up with new and innovative ways of detecting fraud, so…
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Five Reasons You Cannot Afford Not Knowing Probability Proportional to Size (PPS) Sampling
Five Reasons You Cannot Afford Not Knowing Probability Proportional to Size (PPS) Sampling Data Science Simple Random Sampling (SRS) works, but if you do not know Probability Proportional to Size Sampling (PPS), you are risking yourself some critical statistical mistakes. Learn why, when, and how you can use PPS Sampling here! Photo by Justin Morgan on Unsplash…