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How Text Mining Helps To Find Fradulent Buyers

Text mining and statistics help to predict and disclose fraud and helps in minimizing the loss for detecting the fraudulent transactions there is availability of sophisticated tools in data mining. The most important stride in fraud detection is to recognize the factor that leads to fraud work. Tools like decision trees Boosting trees, Classification trees, CHAID, machine learning, neural networks, cluster analysis and some of the models that are predictive can bring out probability of fraudulent works. This tool widely concentrates on the resources in the best effective way and tries to prevent the loss caused by fraud.

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