A bank wants to use transaction details to determine the likelihood that a transaction is fraudulent. The outcome is either "fraudulent" or "not fraudulent." Which regression method would be ideal for this purpose?
- Decision Tree Regression
- Linear Regression
- Logistic Regression
- Polynomial Regression
Logistic Regression is the ideal choice for binary classification tasks, like fraud detection (fraudulent or not fraudulent). It models the probability of an event occurring, making it the right tool for this scenario.
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