Capstone Project – Healthcare PN2

1) Model building and interpretation.
a. Build various models
b. Test your predictive model against the test set using various appropriate performance metrics
c. Interpretation of the models
2) Model Tuning
a. Ensemble modelling, wherever applicable
b. Any other model tuning measures(if applicable)
c. Interpretation of the most optimum and its implication on business

Also, along with the program , we need report on the work done.
the work will be on .pnyb format

Problem Statement:
▪ The given dataset has multiple parameters which influence the health of the person and in turn impacts his / her insurance premium
(Cost of Insurance);
▪ The given scenario advises us to identify the parameters and provide weightage for each and determine the optimal insurance premium
for a person covering his/her risk

▪Goal & Objective –
▪ The objective of this project is to build a model, using the health and habit parameters in the dataset and provide the optimum insurance
cost for an individual.
▪ Optimal & cost effective premiums results in more market Share for the enterprise, more Profits and enhances Branding of the Business.
▪ Limits the wealth erosion, better predictability and improves the standard of living