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Machine learning capabilities are best suited for solving three broad categories of problems: classification, prediction/estimation, and generation. An application of machine learning, predictive analytics, has
Machine learning capabilities are best suited for solving three broad categories of problems: classification, prediction/estimation, and generation. An application of machine learning, predictive analytics, has proven to be effective at spotting fraud. At one large auto insurer, high accident rates for new client policies suggested that claims were being filed for preexisting damage. The machine learning model was able to use diverse data to identify groups of new policies with accident rates six
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