Three classification models were trained on a dataset of pre…
Three classification models were trained on a dataset of previous bank transactions with the goal of detecting fraudulent transactions. The first model (M1), which is complex, has a training error of 0.0034. The second model (M2), which is simpler, has a training error of 0.0047. The third model (M3), which is the simplest, has a training error of 0.1251. Which model would be the best one to use for classifying future transactions?
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