The Figure below shows confusion matrix for a bank that tries to classify the transactions into legitimate

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The Figure below shows confusion matrix for a bank that tries to classify the transactions into legitimate and fraudulent. Based on the confusion matrix, would you chose Accuracy as your model perofrmance measure? You must explain why yes or no using the confusion matrix.Predicted class Actual class Legitimate (Negative) Legitimate (Positive) Legitimate (Negative) 56473 391 Legitimate (Positive) 12 86

Posted Date: May 19, 2024 10:05 AM

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The Figure below shows confusion matrix for a bank that tries to classify the transactions into legitimate

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