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Suppose we collect suspicion of elder financial exploitation data for a group of bank clients. The observed variables are X 1 = Age of client
Suppose we collect suspicion of elder financial exploitation data for a group of bank clients. The observed variables are X Age of client in years, X a binary variable as to whether Power of Attorney has been granted to an agent X or not X X a binary variable as to whether, as indicated by a proprietorial algorithm, abnormal transaction behavior is evident on an account X or not X Outcome variable, Y is equal to if analysts suspect an instance of elder financial abuse and Y if not.
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