What is Credit Card Fraud Detection

There are several deep learning approaches that can be applied for analyzing situations in real world problems and inventing their solution in a scientific technique. Supervised data mining methods that predicts instance values, using previously obtained results from already collected data are pretty popular due to their intelligence in machine learning area. Stream data is continuous form of data which can be handled by using incremental learning approach. Stream data learning may face several challenges in real world like concept drift or class imbalance. Concept drift occurs in non-stationary environment where data distribution generation function is dynamic in nature and has no fixed formula to predict the future data distribution nature. Neural network techniques are intelligent enough to improve performance of algorithmic systems that work in such problem domains. This chapter briefly describes how MLP technique is integrated in system so that the system becomes a complete framework for handling unbalanced data with concept drift in the incremental learning strategies.