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Anomaly detection is a technique used to identify unusual patterns or deviations in data that do not conform to expected behavior. In fraud detection, anomaly detection algorithms can highlight outlier transactions that may signal fraudulent activity, such as unusual claim amounts, abnormal claim frequency, or atypical transaction locations. These irregularities are often key indicators of fraud, making anomaly detection the most suitable technique in this case. By setting statistical thresholds and employing machine learning models to recognize patterns, an insurance company can proactively identify high-risk transactions and minimize fraud-related losses. The other options are incorrect because: • Option 1 (Descriptive Statistics) summarizes data but does not specifically highlight anomalies or outliers. • Option 2 (A/B Testing) is for comparing two scenarios and would not help detect fraudulent claims. • Option 4 (Predictive Modeling) forecasts trends but is not directly aimed at identifying anomalies. • Option 5 (Customer Segmentation) groups customers based on behavior but doesn’t identify outliers.
The Arbitral award will be made by the arbitral tribunal within a period of ___months from the date of completion of pleadings.
Comptroller and Auditor General of India shall be removed-
Which of the following section of Indian Evidence Act does not deal with criminal matters?
In computing the period of limitation for filing a suit the day on which it is reckoned ______.
Which of the following term describes infringement or violation of legal private right of any person without any actual loss or damage?
Where a person gives a guarantee upon a contract that the creditor shall not act upon it until another person has joined in it as co-surety
The Governor shall address ________________ at the commencement of first session of each year:
Which of the following writ order can be issued in case of illegal detention?
Every High Court shall have superintendance over :
What are not included in Indian currency as per the FEMA Act, 1999?