Predictive Modeling › Classification-Based Prediction

What is a real world example of Classification-Based Prediction

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An insurance company uses classification based prediction to estimate whether a new claim is likely to be fraudulent or genuine.
Real-world example An insurance company uses classification based prediction to estimate whether a new claim is likely to be fraudulent or genuine.

Common follow-ups: What is Predictive Modeling, How is Classification-Based Prediction evaluated in practice, What tools are commonly used for Classification-Based Prediction