💳 Distributions can be an effective statistical approach to detecting fraud or outliers in a dataset.
In our credit card fraud detection blog series, we've already tackled several advanced techniques such as isolation forest and DBSCAN for detecting outliers in a dataset.
Now, we're wrapping up with a deep dive into the distribution method: a statistical approach to spot fraudulent transactions.
Find out how to put it into practice with KNIME. https://brnw.ch/21wP8op