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RamseyTrusted® insurance pros compare quotes and shop the market. Best of all? As independent agents, they’re loyal to you—not a company. Get connected now!
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Randy Johnson is an insurance adjustor for a national auto insurance company. Using historical insurance claim data, Randy has built an insurance fraud detection model with the help of a data analyst. Applying the model on the validation data set generated the following confusion matrix. A fraudulent insurance claim is a Class 1 case while a non fraudulent claim is a Class 0 case.Actual Class Predicted Class 1 Predicted Class 0Class 1 289 436Class 0 345 3,9365. Compute the misclassification rate
Randy Johnson is an insurance adjustor for a national auto insurance company. Using historical insurance claim data, Randy has built an insurance fraud detection model with the help of a data analyst. Applying the model on the validation data set generated the following confusion matrix. A fraudulent insurance claim is a Class 1 case while a non fraudulent claim is a Class 0 case.Actual Class Predicted Class 1 Predicted Class 0Class 1 289 436Class 0 345 3,9365. Compute the misclassification rate
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