1. You work for an organisation that has been successful in the insurance industry. They now want to branch into finance. They have only just set up their lending arm, but they need some help with customer risk models. Would you use a Neural Network to model this? Why (or why not)?
2. You are designing a DSS to generate an alert system for potential fraud. You work for the company mentioned in question 3, and they are detecting fraud in their insurance arm. List 3 different types of models you might employ, and what kinds of fraud that they might be used to detect.