Skillset can help you prepare! Sign up for your free Skillset account and take the first steps towards your certification.
Neural networks are gaining popularity in the financial services industry. Neural networks are efficient in detecting fraud because they can:
Attack problems that require consideration of a large number of input variables.
Make inferences about the shape of any curve relating variables to the output.
Resolve issues where large and general sets of training data are not obtainable.
Identify new trends since they are inherently linear.
Neural networks can be used to attack problems that require consideration of numerous input variables. They are capable of capturing relationships and patterns often missed by other statistical methods, but they will not discover new trends. Neural networks are inherently nonlinear and make no assumption about the shape of any curve relating variables to the output. Neural networks will not work well at solving problems for which sufficiently large and general sets of training data are not obtainable.
Train with Skillset and pass your certification exam. Faster. Guaranteed.
Study thousands of practice questions that organized by skills and ranked by difficulty.
Create a tailored training plan based on the knowledge you already possess.
Know when you’re ready for the high-stakes exam. Have the confidence that you will pass on your first attempt.