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Record W4372324482 · doi:10.54691/bcpbm.v44i.4839

Multiple Machine Learning Models on Credit Card Fraud Detection

2023· article· en· W4372324482 on OpenAlex
Minjun Dai

Why this work is in the frame

A frame that forgets how it found something cannot be audited. These are the routes that admitted this work.

affAt least one author lists a Canadian institution in the pinned OpenAlex snapshot.

Bibliographic record

VenueBCP Business & Management · 2023
Typearticle
Languageen
FieldComputer Science
TopicImbalanced Data Classification Techniques
Canadian institutionsUniversity of Toronto
Fundersnot available
KeywordsConfusion matrixComputer scienceDecision treeSupport vector machineMachine learningCategorical variableArtificial intelligenceCredit cardF1 scoreReceiver operating characteristicLogistic regressionSet (abstract data type)Database transactionData miningData setTest setTree (set theory)DatabaseMathematics

Abstract

fetched live from OpenAlex

Nowadays, there is a huge increase in digital financial fraud as a result of the widespread usage of credit cards for online purchases. Therefore, a credit card fraud detection method with high accuracy, minimizing the risk of losing money when the transaction occurs, becomes imperative. The study first processed a synthetic data set, discarding useless features, using one hot encoding to convey categorical information to numerical ones and separating the training and testing datasets. Based on the new formed datasets, the study built three Machine Learning (ML) models for fraud detection, which are the Support Vector Machine (SVM) model, the logistic regression model and the decision tree model, respectively. Next, the study implemented on training these three models by fitting the model on training datasets and predicting the test data in testing datasets. Lastly, the heatmap named confusion matrix was provided to visualize the outcomes, indicating the accuracy of each model. Also, the study uses another four performance measurement scores which are Area under the Receiver Operating Characteristic Curve (ROC AUC score), accuracy classification score, balanced F1 score and precision score for evaluating models. Comparing these three models based on the confusion matrix and the four accuracy scores, the study explored that the decision tree model can achieve the best performance compared to other models in predicting fraud.

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.

Full frame distilled prediction

Teacher imitation

Not calibrated prevalence, not ground truth. Human validation pending. Learned from the 10,348 direct Codex labels and 10,348 direct Gemma labels. Candidate is the union of thresholded teacher heads; consensus is their intersection. These outputs are machine_predicted_unvalidated and are not human labels or direct frontier model labels.

metaresearch head score (Codex)0.000
metaresearch head score (Gemma)0.000
Version: codex-gemma-dda1882f352aValidation status: machine_predicted_unvalidated
Candidate categoriesnone
Consensus categoriesnone
DomainCandidate signal: none · Consensus signal: none
Study designCandidate signal: Other design · Consensus signal: none
GenreCandidate signal: Methods · Consensus signal: none
Teacher disagreement score0.970
Threshold uncertainty score0.719

Codex and Gemma teacher scores by category

CategoryCodexGemma
Metaresearch0.0000.000
Meta-epidemiology (narrow)0.0000.000
Meta-epidemiology (broad)0.0000.000
Bibliometrics0.0000.002
Science and technology studies0.0000.000
Scholarly communication0.0000.001
Open science0.0010.001
Research integrity0.0000.000
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 head0.042
GPT teacher head0.247
Teacher spread0.205 · 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