Medical Insurance Prediction

Machine learning
Linear Regession
Python
Scikit-learn
Matplotlib
Pandas

The Medical Insurance Expenditure Prediction Model, crafted through Linear Regression, accurately estimates an individual's insurance costs based on key parameters. Leveraging features like age, BMI, number of children, region, and smoking habits, this model assesses the expected medical expenditure. By training on a dataset encompassing diverse individual profiles and their corresponding medical insurance costs, the model learns relationships between these variables to deliver precise predictions. Linear Regression serves as the core algorithm, employing a linear approach to comprehend the relationship between the input features and the medical expenditure.

Feature Description
  • age: The age of the customer
  • sex: The gender of the customer
  • bmi: The bmi of the customer
  • children: The number of children the person has
  • smoker: Does the customer smoke or not
  • region: Which region of the country does the customer belong
  • charges: the expenditure of the customer (the target variable)

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Most Used Packages
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Scikit-learn
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Matplotlib
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Pandas
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Numpy
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Seaborn
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