An End-to-end Guide on Anomaly Detection with PyCaret

This article was published as a part of the Data Science Blogathon. Have you ever wondered how a person or a bank is notified of the wrongful transaction of his credit card, like how did system can notify that particular person or the bank about the transaction, which will help save his money by blocking that particular card immediately? This process is called Anomaly Detection (Outliers). Here, the credit card example comes under the fraud detection problem. Outliers are the Data Points which lie outside the overall distribution of the dataset; outliers will have a huge impact on the results of any kind of analytics, from the basic analysis to model building.