Detecting Claims Fraud with Network Analysis and Clustering

Question 1

Network Analysis

Answer 1

study of nodes (vertices) and edges (lines) in a network

Question 2

Unsupervised learning

Answer 2

A type of model creation, derived from the field of machine learning, that does not have a defined target variable

Question 3

K-means

Answer 3

An algorithm in which “k” indicates the number of clusters and “means” represents the clusters’ centroids.

Question 4

Centroid

Answer 4

The center of a cluster.