Predict medical insurance cost

Medical Insurance companies has to pay the medical facilities bills when claimed by their eligible customers. A medical insurance company decides on the medical premium to be paid by customer based on his/her age, any existing disease, income, gender, location, etc. Once a customer gets into an eligible medical treatment, insurance company has to pay the bills under the terms and conditions of insurance. Medical insurance company collects premiums from various customers and only a fraction of those end-up claiming the insurance and this medical insurance companies end up making a hefty amount. In this excerice we will predict the amount of medical insurance, company might have to pay for an individual based on the historical data. Run it on Kaggle - https://www.kaggle.com/aashaymaheshwari/predict-medical-insurance-cost

1/14/2022
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Tags:  

#regression 

#beginner