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This project demonstrates the effectiveness of machine learning models in predicting health insurance costs based on individual characteristics and relevant factors. The developed system provides accurate cost estimates, allowing individuals and insurance providers to make informed decisions regarding coverage and premium rates

Home Page: https://github.com/chetan-pediredla/insurance-cost-prediction

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linear-regression multilinear-regression principal-component-analysis python random-forest machine-learning

insurance-cost-prediction's Introduction

insurance-cost-prediction

This is a Machine learning project on Health insurance cost prediction

Columns • age: age of primary beneficiary • sex: insurance contractor gender, female, male • bmi: Body mass index, providing an understanding of body, weights that are relatively high or low relative to height, objective index of body weight (kg / m ^ 2) using the ratio of height to weight, ideally 18.5 to 24.9 • children: Number of children covered by health insurance / Number of dependents • smoker: Smoking • region: the beneficiary's residential area in the US, northeast, southeast, southwest, northwest.

• charges: Individual medical costs billed by health insurance(target – y) In this code has few models

MLR_before_outlier(MLR:MULTIPLE LINEAR REGRESSION,RFR:RANDOM FOREST REGRESSION,PCA:PRINCIPAL COMPONENT ANALYSIS)

MLR_after_outlier

RFR_after_outlier

MLR with PCA

RFR

RFR with_hyper_parameter tunning

RFR with PCA

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