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Travel Insurance Prediction Model

Project Overview

This project aims to develop a predictive model for an insurance company to determine whether a person will purchase travel insurance. The model is built using machine learning techniques, primarily focusing on the MLP (Multi-Layer Perceptron) classifier and Logistic Regression.

Problem Statement

The challenge involves designing a model that accurately predicts the likelihood of a customer purchasing travel insurance based on various factors. This model will assist the insurance company in understanding customer behavior and tailoring their services accordingly.

Desired Outcomes

The project involves several key steps:

  1. Data Analysis and Preprocessing: Initial exploration and preparation of the data to make it suitable for modeling.
  2. Model Development: Utilizing MLP and Logistic Regression algorithms to develop the predictive model.
  3. Explanation and Evaluation: Each step in the data analysis is explained, including the rationale behind the chosen methods. The performance of the models is evaluated using a confusion matrix and other relevant metrics.

Repository Structure

  • HW2-4-v2.ipynb: Jupyter notebook containing the entire analysis and model development process.
  • Q4.csv: The dataset used for the analysis.
  • Report.pdf: A PDF file containing a detailed report of the analysis and findings.

Key Results

  • The comparison between MLPClassifier and LogisticRegression in terms of accuracy is depicted in the notebook.

    MLP vs Logistic Regression Accuracy Comparison

  • Insights on the best parameters and structure for MLP and other machine learning algorithms that yield the desired results are discussed.

How to Use

  • Clone the repository.
  • Ensure you have Jupyter Notebook installed.
  • Run HW2-4-v2.ipynb to view the analysis and results.

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