Suppose that this process has an adjustable threshold (cutoff) mechanism by which you can alter the proportion
Question:
Suppose that this process has an adjustable threshold (cutoff) mechanism by which you can alter the proportion of records classified as fraudulent. Describe how moving the threshold up or down would affect the following:
a. The classification error rate for records that are truly fraudulent.
b. The classification error rate for records that are truly non-fraudulent.
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Related Book For 
Machine Learning For Business Analytics
ISBN: 9781119828792
1st Edition
Authors: Galit Shmueli, Peter C. Bruce, Amit V. Deokar, Nitin R. Patel
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