This is a step by step approach to the Fraud Detection in Electricity and Gas Consumption Challenge. This is a knowledge-based challenge hosted on Zindi, and a great place to start learing practical data science.
When approaching a machine learning challenge, its important to understand the problem; this will give you a clearer picture on what the final model is expected to achieve.
You should try answering the following questions before/while building your machine learning solution:
It is quite possible for you as an ML practitioner to build a sophisticated and well-performing model that does not solve the right problem - by answering these questions you get rid of confusion as it gives you a blueprint on how to approach the specified problem.
Type of problem
From the description above, we know that we are building a Keep learning with Zindi by becoming a member