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Oversampling Techniques in Machine Learning Detection of Credit Card Fraud

2021· article· en· W4285445692 on OpenAlexaff
Charlie Obimbo, Davleen Mand, Simarjeet Singh

Bibliographic record

VenueJournal of Internet Technology and Secured Transaction · 2021
Typearticle
Languageen
FieldComputer Science
TopicImbalanced Data Classification Techniques
Canadian institutionsUniversity of Guelph
Fundersnot available
KeywordsCredit card fraudOversamplingCredit cardComputer scienceComputer securityMachine learningArtificial intelligenceBusinessWorld Wide WebTelecommunications

Abstract

fetched live from OpenAlex

More than ever before, the trend of doing things online has been explored and successfully implemented in many areas, including online shopping, online learning, working online, to name but a few.However, it has brought with it challenges, including the fraudulent use of credit cards in online purchases, the challenge of academic integrity in online learning, especially in doing exams online, and how to keep people in engaged in meetings, when working and studying online, and still give them adequate privacy.This paper deals with the attempt to detect the fraudulent use of credit cards in a timely manner, to avoid as much negative effects in the world of E-commerce and help maintain consumer confidence.Thus, in the current study, machine learning algorithm LightGBM has been used to detect fraudulent credit card transactions from a real-life dataset containing credit card transactions of the customers.The performance of this classifier is compared with two state-of-the-art classifiers -Decision Tree, and Random Forests, which are extensively used for solving such problems.Since there is data imbalance between fraudulent and nonfraudulent class, the data sampling technique used is the Synthetic Minority Oversampling Technique (SMOTE).SMOTE Oversampling performed best on all classifiers and LightGBM obtained precision value of 1 for both fraudulent and non-fraudulent class.

Fetched live from OpenAlex and de-inverted. Abstracts are not stored in this database: the inverted indexes are 8.6 GB of the frame’s 9.3 GB of text, and the host has 13 GB free.

How this classification was reachedexpand

Full frame machine prediction

Teacher imitation

Not calibrated prevalence, not ground truth. Human validation pending. The Gemma side is a direct model label for every work in the frame, read from the title-only record. The Codex side is a classifier learned from the 10,348 direct Codex labels and calibrated to design-weighted sample rates; fields without enough sample support carry no Codex call. Candidate is the union of the two sides; consensus is their intersection. These outputs are machine_predicted_unvalidated and are not human labels.

metaresearch head score (Codex)0.004
metaresearch head score (Gemma)0.008
Version: metacan-v3-hybrid-931329e0061cValidation status: machine_predicted_unvalidated
Candidate categoriesnone
Consensus categoriesnone
DomainCandidate signal: none · Consensus signal: none
Study designCandidate signal: Simulation or modeling · Consensus signal: none
GenreCandidate signal: Empirical · Consensus signal: none
Teacher disagreement score0.004
Threshold uncertainty score0.022

Distilled classifier scores by category (both heads)

CategoryCodexGemma
Metaresearch0.0040.008
Meta-epidemiology (narrow)0.0010.000
Meta-epidemiology (broad)0.0010.001
Bibliometrics0.0030.002
Science and technology studies0.0010.001
Scholarly communication0.0010.001
Open science0.0010.001
Research integrity0.0010.001
Insufficient payload (model declined to judge)0.0000.000

Machine scores (provisional)

The two teacher heads of the student model, read on this work. A score orders the frame for review; it never asserts a category, and the validation status ships verbatim with every row.

Baseline scores from an immature model (maturity gate not passed, 7 training rounds). Scores rank; they never assert a category.

Opus teacher head0.009
GPT teacher head0.238
Teacher spread0.229 · how far apart the two teachers sit on this one work
Validation statusscore_only:v0-immature-baseline · verbatim from the scoring run: score_only means the number may rank works, and no category label ships from it

Classification

machine, unvalidated

Machine predicted; a candidate call from one source (direct Gemma or distilled Codex), not a consensus.

The models applied no category: nothing in the taxonomy fit this work.
Study designSimulation or modeling
Domainnot available
GenreEmpirical

How this classification was reached, model by model and score by score, is at the end of the page under "How this classification was reached".

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Citations4
Published2021
Admission routes1
Has abstractyes

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