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https://github.com/kasraskari/medical-insurance

Medical Insurance Payout
https://github.com/kasraskari/medical-insurance

jupyter-notebook machine-learning medical medical-insurance python

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Medical Insurance Payout

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README

        

# Medical Insurance Cost Prediction

## Overview

This project focuses on predicting individual medical insurance costs using demographic and health-related features. By leveraging machine learning models, the repository provides insights into how factors such as age, BMI, and smoking status affect insurance premiums.

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## Features

- **Data Preprocessing**: Handling missing values, encoding categorical data, and feature scaling.
- **Exploratory Data Analysis (EDA)**: Visualizing trends and correlations between features and insurance costs.
- **Model Training**: Implementing machine learning algorithms to predict insurance charges.
- **Performance Metrics**: Evaluating the accuracy and reliability of models using metrics like Mean Absolute Error (MAE).

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## Project Structure

```
Medical-Insurance/
├── data/ # Dataset for training and testing
├── notebooks/ # Jupyter notebooks for EDA and model development
├── scripts/ # Python scripts for preprocessing and model training
├── visualizations/ # Charts and graphs for insights
├── models/ # Trained machine learning models
├── README.md # Project documentation
└── LICENSE # License information
```

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## Technologies Used

- **Python**: Core programming language.
- **Pandas**: For data manipulation and preprocessing.
- **Matplotlib/Seaborn**: Visualizing relationships between features.
- **Scikit-learn**: Building and evaluating machine learning models.
- **NumPy**: Efficient numerical computations.

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## Dataset

The dataset includes the following features:
- **Age**: Age of the individual.
- **Sex**: Gender (male/female).
- **BMI**: Body mass index.
- **Children**: Number of dependents.
- **Smoker**: Whether the individual is a smoker.
- **Region**: Geographical region.
- **Charges**: Medical insurance costs (target variable).

The dataset can be sourced from platforms such as [Kaggle](https://www.kaggle.com/datasets/harshsingh2209/medical-insurance-payout).

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## Resources

For further reading and reference:
1. [Medical Cost Personal Dataset - Kaggle](https://www.kaggle.com/mirichoi0218/insurance)
2. [Scikit-learn Documentation](https://scikit-learn.org/stable/)
3. [Exploratory Data Analysis Guide](https://towardsdatascience.com/exploratory-data-analysis-8fc1cb20fd15)