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Question

What do credit card companies use data mining for in the context of abnormal spending patterns?

a.

Demand Prediction

b.

Fraud Detection

c.

Delinquency Tracking

d.

Customer Segmentation

Answer: (b).Fraud Detection Explanation:Credit card companies use data mining for Fraud Detection to discover abnormal spending patterns of customers.

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Q. What do credit card companies use data mining for in the context of abnormal spending patterns?

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