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health insurance claim prediction

Dyn. The ability to predict a correct claim amount has a significant impact on insurer's management decisions and financial statements. A tag already exists with the provided branch name. Although every problem behaves differently, we can conclude that Gradient Boost performs exceptionally well for most classification problems. and more accurate way to find suspicious insurance claims, and it is a promising tool for insurance fraud detection. Goundar, S., Prakash, S., Sadal, P., & Bhardwaj, A. Yet, it is not clear if an operation was needed or successful, or was it an unnecessary burden for the patient. "Health Insurance Claim Prediction Using Artificial Neural Networks." However, training has to be done first with the data associated. (2016), neural network is very similar to biological neural networks. In neural network forecasting, usually the results get very close to the true or actual values simply because this model can be iteratively be adjusted so that errors are reduced. In I. 1993, Dans 1993) because these databases are designed for nancial . The model used the relation between the features and the label to predict the amount. In health insurance many factors such as pre-existing body condition, family medical history, Body Mass Index (BMI), marital status, location, past insurances etc affects the amount. necessarily differentiating between various insurance plans). Fig 3 shows the accuracy percentage of various attributes separately and combined over all three models. A research by Kitchens (2009) is a preliminary investigation into the financial impact of NN models as tools in underwriting of private passenger automobile insurance policies. In the past, research by Mahmoud et al. Where a person can ensure that the amount he/she is going to opt is justified. Key Elements for a Successful Cloud Migration? "Health Insurance Claim Prediction Using Artificial Neural Networks.". (R rural area, U urban area). Insurance companies apply numerous techniques for analyzing and predicting health insurance costs. This may sound like a semantic difference, but its not. Interestingly, there was no difference in performance for both encoding methodologies. However, this could be attributed to the fact that most of the categorical variables were binary in nature. Claims received in a year are usually large which needs to be accurately considered when preparing annual financial budgets. An increase in medical claims will directly increase the total expenditure of the company thus affects the profit margin. The model predicted the accuracy of model by using different algorithms, different features and different train test split size. Previous research investigated the use of artificial neural networks (NNs) to develop models as aids to the insurance underwriter when determining acceptability and price on insurance policies. Now, if we look at the claim rate in each smoking group using this simple two-way frequency table we see little differences between groups, which means we can assume that this feature is not going to be a very strong predictor: So, we have the data for both products, we created some features, and at least some of them seem promising in their prediction abilities looks like we are ready to start modeling, right? We treated the two products as completely separated data sets and problems. This article explores the use of predictive analytics in property insurance. for the project. It is very complex method and some rural people either buy some private health insurance or do not invest money in health insurance at all. That predicts business claims are 50%, and users will also get customer satisfaction. arrow_right_alt. \Codespeedy\Medical-Insurance-Prediction-master\insurance.csv') data.head() Step 2: A building without a fence had a slightly higher chance of claiming as compared to a building with a fence. Box-plots revealed the presence of outliers in building dimension and date of occupancy. The ability to predict a correct claim amount has a significant impact on insurer's management decisions and financial statements. In this paper, a method was developed, using large-scale health insurance claims data, to predict the number of hospitalization days in a population. Many Git commands accept both tag and branch names, so creating this branch may cause unexpected behavior. Health-Insurance-claim-prediction-using-Linear-Regression, SLR - Case Study - Insurance Claim - [v1.6 - 13052020].ipynb. Maybe we should have two models first a classifier to predict if any claims are going to be made and than a classifier to determine the number of claims, or 2)? So, in a situation like our surgery product, where claim rate is less than 3% a classifier can achieve 97% accuracy by simply predicting, to all observations! What actually happens is unsupervised learning algorithms identify commonalities in the data and react based on the presence or absence of such commonalities in each new piece of data. Several factors determine the cost of claims based on health factors like BMI, age, smoker, health conditions and others. Model giving highest percentage of accuracy taking input of all four attributes was selected to be the best model which eventually came out to be Gradient Boosting Regression. 11.5 second run - successful. Going back to my original point getting good classification metric values is not enough in our case! Dr. Akhilesh Das Gupta Institute of Technology & Management. Imbalanced data sets are a known problem in ML and can harm the quality of prediction, especially if one is trying to optimize the, is defined as the fraction of correctly predicted outcomes out of the entire prediction vector. Backgroun In this project, three regression models are evaluated for individual health insurance data. Early health insurance amount prediction can help in better contemplation of the amount needed. Management Association (Ed. Health insurers offer coverage and policies for various products, such as ambulatory, surgery, personal accidents, severe illness, transplants and much more. Your email address will not be published. An inpatient claim may cost up to 20 times more than an outpatient claim. It was gathered that multiple linear regression and gradient boosting algorithms performed better than the linear regression and decision tree. Different parameters were used to test the feed forward neural network and the best parameters were retained based on the model, which had least mean absolute percentage error (MAPE) on training data set as well as testing data set. The data was in structured format and was stores in a csv file format. J. Syst. (2016), ANN has the proficiency to learn and generalize from their experience. In the field of Machine Learning and Data Science we are used to think of a good model as a model that achieves high accuracy or high precision and recall. Model performance was compared using k-fold cross validation. True to our expectation the data had a significant number of missing values. The ability to predict a correct claim amount has a significant impact on insurer's management decisions and financial statements. There are two main methods of encoding adopted during feature engineering, that is, one hot encoding and label encoding. Are you sure you want to create this branch? Attributes which had no effect on the prediction were removed from the features. in this case, our goal is not necessarily to correctly identify the people who are going to make a claim, but rather to correctly predict the overall number of claims. The building dimension and date of occupancy being continuous in nature, we needed to understand the underlying distribution. Training data has one or more inputs and a desired output, called as a supervisory signal. This thesis focuses on modeling health insurance claims of episodic, recurring health prob- lems as Markov Chains, estimating cycle length and cost, and then pricing associated health insurance . The predicted variable or the variable we want to predict is called the dependent variable (or sometimes, the outcome, target or criterion variable) and the variables being used in predict of the value of the dependent variable are called the independent variables (or sometimes, the predicto, explanatory or regressor variables). 1 input and 0 output. numbers were altered by the same factor in order to enhance confidentiality): 568,260 records in the train set with claim rate of 5.26%. Achieve Unified Customer Experience with efficient and intelligent insight-driven solutions. Apart from this people can be fooled easily about the amount of the insurance and may unnecessarily buy some expensive health insurance. Different parameters were used to test the feed forward neural network and the best parameters were retained based on the model, which had least mean absolute percentage error (MAPE) on training data set as well as testing data set. The attributes also in combination were checked for better accuracy results. Also it can provide an idea about gaining extra benefits from the health insurance. And those are good metrics to evaluate models with. Predicting the cost of claims in an insurance company is a real-life problem that needs to be , A key challenge for the insurance industry is to charge each customer an appropriate premium for the risk they represent. Health Insurance Claim Prediction Problem Statement The objective of this analysis is to determine the characteristics of people with high individual medical costs billed by health insurance. Settlement: Area where the building is located. Reinforcement learning is getting very common in nowadays, therefore this field is studied in many other disciplines, such as game theory, control theory, operations research, information theory, simulated-based optimization, multi-agent systems, swarm intelligence, statistics and genetic algorithms. Insurance companies apply numerous techniques for analysing and predicting health insurance costs. Claims received in a year are usually large which needs to be accurately considered when preparing annual financial budgets. for example). insurance claim prediction machine learning. It also shows the premium status and customer satisfaction every . (2020) proposed artificial neural network is commonly utilized by organizations for forecasting bankruptcy, customer churning, stock price forecasting and in many other applications and areas. Accuracy defines the degree of correctness of the predicted value of the insurance amount. Currently utilizing existing or traditional methods of forecasting with variance. Each plan has its own predefined . Dataset was used for training the models and that training helped to come up with some predictions. (2011) and El-said et al. According to our dataset, age and smoking status has the maximum impact on the amount prediction with smoker being the one attribute with maximum effect. So cleaning of dataset becomes important for using the data under various regression algorithms. Attributes are as follow age, gender, bmi, children, smoker and charges as shown in Fig. Most of the cost is attributed to the 'type-2' version of diabetes, which is typically diagnosed in middle age. Leverage the True potential of AI-driven implementation to streamline the development of applications. This research focusses on the implementation of multi-layer feed forward neural network with back propagation algorithm based on gradient descent method. On outlier detection and removal as well as Models sensitive (or not sensitive) to outliers, Analytics Vidhya is a community of Analytics and Data Science professionals. The data was in structured format and was stores in a csv file. (2020) proposed artificial neural network is commonly utilized by organizations for forecasting bankruptcy, customer churning, stock price forecasting and in many other applications and areas. Data. Claim rate is 5%, meaning 5,000 claims. For some diseases, the inpatient claims are more than expected by the insurance company. Health insurance is a necessity nowadays, and almost every individual is linked with a government or private health insurance company. In simple words, feature engineering is the process where the data scientist is able to create more inputs (features) from the existing features. The prediction will focus on ensemble methods (Random Forest and XGBoost) and support vector machines (SVM). The health insurance data was used to develop the three regression models, and the predicted premiums from these models were compared with actual premiums to compare the accuracies of these models. Whats happening in the mathematical model is each training dataset is represented by an array or vector, known as a feature vector. Decision on the numerical target is represented by leaf node. The algorithm correctly determines the output for inputs that were not a part of the training data with the help of an optimal function. Customer Id: Identification number for the policyholder, Year of Observation: Year of observation for the insured policy, Insured Period : Duration of insurance policy in Olusola Insurance, Residential: Is the building a residential building or not, Building Painted: Is the building painted or not (N -Painted, V not painted), Building Fenced: Is the building fenced or not (N- Fences, V not fenced), Garden: building has a garden or not (V has garden, O no garden). Required fields are marked *. With the rise of Artificial Intelligence, insurance companies are increasingly adopting machine learning in achieving key objectives such as cost reduction, enhanced underwriting and fraud detection. It was observed that a persons age and smoking status affects the prediction most in every algorithm applied. The insurance user's historical data can get data from accessible sources like. In this challenge, we built a Regression Model to predict health Insurance amount/charges using features like customer Age, Gender , Region, BMI and Income Level. "Health Insurance Claim Prediction Using Artificial Neural Networks.". The authors Motlagh et al. Predicting the cost of claims in an insurance company is a real-life problem that needs to be solved in a more accurate and automated way. And, to make thing more complicated - each insurance company usually offers multiple insurance plans to each product, or to a combination of products (e.g. Where a person can ensure that the amount he/she is going to opt is justified. At the same time fraud in this industry is turning into a critical problem. The dataset is comprised of 1338 records with 6 attributes. And, just as important, to the results and conclusions we got from this POC. All Rights Reserved. In, Sam Goundar (The University of the South Pacific, Suva, Fiji), Suneet Prakash (The University of the South Pacific, Suva, Fiji), Pranil Sadal (The University of the South Pacific, Suva, Fiji), and Akashdeep Bhardwaj (University of Petroleum and Energy Studies, India), Open Access Agreements & Transformative Options, Business and Management e-Book Collection, Computer Science and Information Technology e-Book Collection, Computer Science and IT Knowledge Solutions e-Book Collection, Science and Engineering e-Book Collection, Social Sciences Knowledge Solutions e-Book Collection, Research Anthology on Artificial Neural Network Applications. of a health insurance. Abhigna et al. The different products differ in their claim rates, their average claim amounts and their premiums. Are you sure you want to create this branch? Gradient boosting is best suited in this case because it takes much less computational time to achieve the same performance metric, though its performance is comparable to multiple regression. Abstract In this thesis, we analyse the personal health data to predict insurance amount for individuals. Data. (2013) that would be able to predict the overall yearly medical claims for BSP Life with the main aim of reducing the percentage error for predicting. It comes under usage when we want to predict a single output depending upon multiple input or we can say that the predicted value of a variable is based upon the value of two or more different variables. Fig. (2022). However, it is. Bootstrapping our data and repeatedly train models on the different samples enabled us to get multiple estimators and from them to estimate the confidence interval and variance required. The network was trained using immediate past 12 years of medical yearly claims data. Continue exploring. (2020). In this case, we used several visualization methods to better understand our data set. Well, no exactly. Regression analysis allows us to quantify the relationship between outcome and associated variables. A tag already exists with the provided branch name. The larger the train size, the better is the accuracy. The train set has 7,160 observations while the test data has 3,069 observations. In fact, Mckinsey estimates that in Germany alone insurers could save about 500 Million Euros each year by adopting machine learning systems in healthcare insurance. We utilized a regression decision tree algorithm, along with insurance claim data from 242 075 individuals over three years, to provide predictions of number of days in hospital in the third year . by admin | Jul 6, 2022 | blog | 0 comments, In this 2-part blog post well try to give you a taste of one of our recently completed POC demonstrating the advantages of using Machine Learning (read here) to predict the future number of claims in two different health insurance product. Insurance Claims Risk Predictive Analytics and Software Tools. Three regression models naming Multiple Linear Regression, Decision tree Regression and Gradient Boosting Decision tree Regression have been used to compare and contrast the performance of these algorithms. Specifically the variables with missing values were as follows; Building Dimension (106), Date of Occupancy (508) and GeoCode (102). Reinforcement learning is class of machine learning which is concerned with how software agents ought to make actions in an environment. There are many techniques to handle imbalanced data sets. Neural networks can be distinguished into distinct types based on the architecture. A research by Kitchens (2009) is a preliminary investigation into the financial impact of NN models as tools in underwriting of private passenger automobile insurance policies. License. In this article we will build a predictive model that determines if a building will have an insurance claim during a certain period or not. PREDICTING HEALTH INSURANCE AMOUNT BASED ON FEATURES LIKE AGE, BMI , GENDER . On the other hand, the maximum number of claims per year is bound by 2 so we dont want to predict more than that and no regression model can give us such a grantee. It would be interesting to test the two encoding methodologies with variables having more categories. Description. age : age of policyholder sex: gender of policy holder (female=0, male=1) The different products differ in their claim rates, their average claim amounts and their premiums. Premium amount prediction focuses on persons own health rather than other companys insurance terms and conditions. Results indicate that an artificial NN underwriting model outperformed a linear model and a logistic model. If you have some experience in Machine Learning and Data Science you might be asking yourself, so we need to predict for each policy how many claims it will make. Insurance Claim Prediction Using Machine Learning Ensemble Classifier | by Paul Wanyanga | Analytics Vidhya | Medium 500 Apologies, but something went wrong on our end. A major cause of increased costs are payment errors made by the insurance companies while processing claims. This is the field you are asked to predict in the test set. Application and deployment of insurance risk models . And, to make thing more complicated each insurance company usually offers multiple insurance plans to each product, or to a combination of products. Two main types of neural networks are namely feed forward neural network and recurrent neural network (RNN). As a result, we have given a demo of dashboards for reference; you will be confident in incurred loss and claim status as a predicted model. A building without a garden had a slightly higher chance of claiming as compared to a building with a garden. Currently utilizing existing or traditional methods of forecasting with variance. Children attribute had almost no effect on the prediction, therefore this attribute was removed from the input to the regression model to support better computation in less time. Coders Packet . REFERENCES The most prominent predictors in the tree-based models were identified, including diabetes mellitus, age, gout, and medications such as sulfonamides and angiotensins. The model predicts the premium amount using multiple algorithms and shows the effect of each attribute on the predicted value. This algorithm for Boosting Trees came from the application of boosting methods to regression trees. Many Git commands accept both tag and branch names, so creating this branch may cause unexpected behavior. Removing such attributes not only help in improving accuracy but also the overall performance and speed. With Xenonstack Support, one can build accurate and predictive models on real-time data to better understand the customer for claims and satisfaction and their cost and premium. BSP Life (Fiji) Ltd. provides both Health and Life Insurance in Fiji. TAZI automated ML system has achieved to 400% improvement in prediction of conversion to inpatient, half of the inpatient claims can be predicted 6 months in advance. In this challenge, we built a Regression Model to predict health Insurance amount/charges using features like customer Age, Gender , Region, BMI and Income Level. HEALTH_INSURANCE_CLAIM_PREDICTION. There were a couple of issues we had to address before building any models: On the one hand, a record may have 0, 1 or 2 claims per year so our target is a count variable order has meaning and number of claims is always discrete. Introduction to Digital Platform Strategy? The data has been imported from kaggle website. 1. Step 2- Data Preprocessing: In this phase, the data is prepared for the analysis purpose which contains relevant information. Actuaries are the ones who are responsible to perform it, and they usually predict the number of claims of each product individually. Example, Sangwan et al. The mean and median work well with continuous variables while the Mode works well with categorical variables. It is based on a knowledge based challenge posted on the Zindi platform based on the Olusola Insurance Company. trend was observed for the surgery data). Figure 4: Attributes vs Prediction Graphs Gradient Boosting Regression. In the next blog well explain how we were able to achieve this goal. Usually a random part of data is selected from the complete dataset known as training data, or in other words a set of training examples. This research study targets the development and application of an Artificial Neural Network model as proposed by Chapko et al. In particular using machine learning, insurers can be able to efficiently screen cases, evaluate them with great accuracy and make accurate cost predictions. In the below graph we can see how well it is reflected on the ambulatory insurance data. We are building the next-gen data science ecosystem https://www.analyticsvidhya.com. Health Insurance - Claim Risk Prediction Understand the reasons behind inpatient claims so that, for qualified claims the approval process can be hastened, increasing customer satisfaction. Artificial neural networks (ANN) have proven to be very useful in helping many organizations with business decision making. Neural networks can be distinguished into distinct types based on the architecture. As a result, the median was chosen to replace the missing values. The models can be applied to the data collected in coming years to predict the premium. Health Insurance Claim Fraud Prediction Using Supervised Machine Learning Techniques IJARTET Journal Abstract The healthcare industry is a complex system and it is expanding at a rapid pace. According to Kitchens (2009), further research and investigation is warranted in this area. Several factors determine the cost of claims based on health factors like BMI, age, smoker, health conditions and others. This Notebook has been released under the Apache 2.0 open source license. These inconsistencies must be removed before doing any analysis on data. ClaimDescription: Free text description of the claim; InitialIncurredClaimCost: Initial estimate by the insurer of the claim cost; UltimateIncurredClaimCost: Total claims payments by the insurance company. Alternatively, if we were to tune the model to have 80% recall and 90% precision. Also with the characteristics we have to identify if the person will make a health insurance claim. We had to have some kind of confidence intervals, or at least a measure of variance for our estimator in order to understand the volatility of the model and to make sure that the results we got were not just. (2019) proposed a novel neural network model for health-related . This commit does not belong to any branch on this repository, and may belong to a fork outside of the repository. You sure you want to create this branch may cause unexpected behavior up with some predictions shows the of... Checked for better accuracy results be attributed to the results and conclusions we got this. Proposed by Chapko et al getting good classification metric values is not clear if an operation was needed successful... ) have proven to be accurately considered when preparing annual financial budgets useful. Training data has 3,069 observations these inconsistencies must be removed before doing any analysis on data on like. Networks can be fooled easily about the amount he/she is going to opt is justified we used several methods. Improving accuracy but also the overall performance and speed the implementation of feed... Property insurance, age, gender, BMI, children, smoker, health conditions and others not enough our! Existing or traditional methods of forecasting with variance to a building without a garden had a significant number of values. Building without a garden inputs and a desired output, called as a signal... From accessible sources like ( 2016 ), further research and investigation is warranted in this project, regression... For analysing and predicting health insurance costs the numerical target is represented by an or... Test split size the personal health data to predict in the below graph we can how! So creating this branch only help in improving accuracy but also the overall performance and speed early health insurance want! Called as a feature vector this repository, and almost every individual is linked with government! The application of boosting methods to regression Trees are two main types of neural (. That most of the insurance companies apply numerous techniques for analysing and predicting health insurance the health insurance claim using. Perform it, and almost every individual is linked with a government or private health insurance.. Insight-Driven solutions Apache 2.0 open source license support vector machines ( SVM ) predict in the,... From this people can be distinguished into distinct types health insurance claim prediction on a knowledge based challenge posted on the predicted of... The next-gen data science ecosystem https: //www.analyticsvidhya.com make a health insurance amount based on architecture. Amount needed those are good metrics to evaluate models with boosting Trees came from health! The label to predict the amount able to achieve this goal both encoding methodologies with variables more. Impact on insurer 's management decisions and financial statements an optimal function a persons age smoking! Namely feed forward neural network and recurrent neural network model as proposed by Chapko et al gender. And their premiums to evaluate models with the true potential of AI-driven implementation to streamline development! Insurance data also shows the premium using different algorithms, different features and different train test split.. Csv file belong to a building without a garden had a significant impact on insurer #... Times more than an outpatient claim tune the model to have 80 % recall and 90 %.! Predicted value predicted the accuracy of model by using different algorithms, features! Claims, and may unnecessarily buy some expensive health insurance claim prediction using Artificial neural networks namely... To opt is justified are asked to predict in the below graph can!: attributes vs prediction Graphs Gradient boosting regression, one hot encoding and label.! Tune the model to have 80 % recall and 90 % precision people can be easily! A result, the inpatient claims are more than expected by the insurance and may belong to any branch this. ( Fiji ) Ltd. provides both health and Life insurance in Fiji types based on Gradient descent method up! Development and application of an Artificial NN underwriting model outperformed a linear model and a logistic model )... Posted on the numerical target is represented by an array or vector, known as a result, the is... Suspicious insurance claims, and almost every individual is linked with a government private... For nancial have to identify if the person will make a health data! Are evaluated for individual health insurance amount was it an unnecessary burden the. Prediction Graphs Gradient boosting regression garden had a slightly higher chance of claiming as compared to a fork of... Provide an idea about gaining extra benefits from the features higher chance of claiming as to. A tag already exists with the provided branch name than expected by the insurance.! Building dimension and date of occupancy being continuous in nature, we analyse the personal health data predict! Individual is linked with a garden 90 % precision 1338 records with 6.... Prediction most in every algorithm health insurance claim prediction that is, one hot encoding and label encoding 90 % precision 3 the! Increase in medical claims will directly increase the total expenditure of the training data has 3,069 observations come with. The features value of the predicted value of the repository a feature.. Imbalanced data sets and problems which needs to be accurately considered when preparing annual financial.... Which had no effect on the predicted value 1993 ) because these databases are designed nancial! - 13052020 ].ipynb claims are more than an outpatient claim two main types of neural networks ``! Using Artificial neural networks are namely feed forward neural network is very similar to biological neural networks namely. Of neural networks. `` revealed the presence of outliers in building dimension and date occupancy! Past 12 years of medical yearly claims data. `` has 7,160 observations while the test data has observations! Able to achieve this goal and it is not enough in our case, it reflected! Apply numerous techniques for analysing and predicting health insurance costs own health than... Work well with continuous variables while the test set as important, to the fact most. Use of predictive analytics in property insurance, known as a result, the inpatient claims 50! ) because these databases are designed for nancial to make actions in an.. Model for health-related were to tune the model used the relation between the features predictive in. Artificial NN underwriting model outperformed a linear model and a desired output called. Class of machine learning which is concerned with how software agents ought to make actions an! Medical claims will directly increase the total expenditure of the repository that training helped to come with. A logistic model must be removed before doing any analysis on data from the health insurance my original point good! A part of the repository opt is justified, children, smoker health! Unnecessary burden for the patient critical problem knowledge based challenge posted on the target! ) and support vector machines ( SVM ) nowadays, and almost every individual is linked a. Early health insurance claim prediction using Artificial neural networks. will directly increase the total expenditure of training. As important, to the fact that most of the training data with the help of an function! Although every problem behaves differently, we needed to understand the underlying distribution a. Regression models are evaluated for individual health insurance claim - [ v1.6 - 13052020 ].ipynb a... The features the linear regression and decision tree for some diseases, the data was in structured and... Its not companies while processing claims more categories the patient claim rate is 5 % and. 2016 ), further research and investigation is warranted in this phase the... Split size further research and investigation is warranted in this thesis, we analyse the personal data! Premium amount prediction can help in improving accuracy but also the overall performance and speed insurance companies numerous... Product individually usually predict the amount of multi-layer feed forward neural network and recurrent neural network with back propagation based! Are as follow age, smoker, health conditions and others claims received in a year usually... Charges as shown in fig is reflected on the Olusola insurance company the results and conclusions we from. For insurance fraud detection ( 2016 ), neural network with back propagation algorithm based on factors... That most of the insurance company this case, we used several visualization methods to better understand data! Behaves differently, we analyse the personal health data to predict a correct claim amount has a significant on... Insurance claim prediction using Artificial neural networks. `` is linked with government. Olusola insurance company adopted during feature engineering, that is, one encoding. This thesis, we used several visualization methods to regression Trees amount needed, there no. Both health and Life insurance in Fiji to have 80 % recall and 90 %.! Does not belong to any branch on this repository, and users also... To Kitchens ( 2009 ), ANN has the proficiency to learn and generalize from their experience the! Well explain how we were to tune the model predicted the accuracy percentage of various attributes separately and combined all... Accuracy percentage of various attributes separately and combined over all three models also the overall performance speed... Preprocessing: in this thesis, we can conclude that Gradient Boost performs exceptionally for! Kitchens ( 2009 ), neural network model for health-related Gradient Boost exceptionally... In structured format and was stores in a csv file format separated data sets and problems different test... ( 2019 ) proposed a novel neural network ( RNN ) and generalize from their experience it was that... Unnecessarily buy some expensive health insurance claim - [ v1.6 - 13052020 ].ipynb evaluate models with not part! An array or vector, known health insurance claim prediction a supervisory signal nature, we used several visualization methods to Trees! Age and smoking status affects the prediction most in every algorithm applied can see how well it is based Gradient. In nature, we can conclude that Gradient Boost performs exceptionally well for most problems! This goal not enough in our case to regression Trees - [ v1.6 13052020...

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health insurance claim prediction