Ensemble Machine Learning Project - All State Insurance Claims Severity Prediction

Ensemble Machine Learning Project - All State Insurance Claims Severity Prediction

In this ensemble machine learning project, we will predict what kind of claims an insurance company will get. This is implemented in python using ensemble machine learning algorithms.

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Camille St. Omer

Artificial Intelligence Researcher, Quora 'Most Viewed Writer in 'Data Mining'

I came to the platform with no experience and now I am knowledgeable in Machine Learning with Python. No easy thing I must say, the sessions are challenging and go to the depths. I looked at graduate... Read More

Nathan Elbert

Senior Data Scientist at Tiger Analytics

This was great. The use of Jupyter was great. Prior to learning Python I was a self taught SQL user with advanced skills. I hold a Bachelors in Finance and have 5 years of business experience.. I... Read More

What will you learn

Detailed business description and the problem being addressed through analytics
Data uploading using popular pandas python package
Dataset overview and how to analyze a sample of the dataset
Exploratory data analysis to understand the Allstate insurance claim dataset
Analyzing 5 point summary and studying data distribution for categorical variables
Handling missing values for categorical and continuous variables
Outlier treatment with visual techniques (Box-Plots)
Difference between Label/One-Hot-Encoder and which technique to use
Use of Pickle file format to store and load models
Feature selection and elimination using Correlation, Constant Variance and Chi-Square statistical tests
Understanding ensemble Machine Learning algorithms
Hyper-parameter tuning using Sklearn functions
Model selection using RMSE as the model evaluation metric
Model deployment creating FlaskAPI

Project Description

All State, a personal insurance company in the United States, is interested in leveraging data science to predict the severity and the cost of insurance claims post an unforeseen event.

This ensemble machine learning project will help you understand the best practices followed in approaching a data analytics problem through python language focusing on using data science packages. We will predict how severe insurance claims will be for All State. We accomplish this using ensemble machine learning algorithms.

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Curriculum For This Mini Project

Business Problem Overview
04m
Dataset Overview
05m
Exploratory Data Analysis
08m
Data Cleaning Pre-processing
07m
Handling Outliers
05m
Dependent Variable Analysis - Introduction To Ml Algorithms
04m
Feature Selection - Continuous Variables
07m
Feature Selection - 2
06m
Variable Encoding - One Hot Technique
09m
Categorical Feature Selection - Chi Square Test
08m
Building A Machine Learning Model - Random Forest - Hyper Parameter Tuning
09m
Model Validation - GBM (Gradient Boosting Machine) Model
05m
Model Prediction On Test Data
03m
Model Deployment - API
06m