Learn what residual standard deviation is, how to calculate it in regression analysis, and why it's crucial for measuring predictability and goodness-of-fit in data modeling.
Establishing “Expected Behavior”: Using Median, Standard Deviation and Avg to Detect Suspicious Txns
In AML and fraud monitoring, expected behavior refers to the normal patterns of transactions for a given customer, their typical transfer amounts, frequency of transactions, usual beneficiaries or ...
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