Question: Write a summary to answer the following questions: What problem do you think an insurance company would want to solve? If you were hired by
Write a summary to answer the following questions:
- What problem do you think an insurance company would want to solve?
- If you were hired by this insurance company to help with an analysis, what decision(s) do you think they would be trying to make with this data?
- What target variable will you predict? Why do you believe it is the target variable?
- What did you learn about the drivers and relationships with the target variable? How can you use predictive analytics in this analysis? Explain how you interpret the predictive analytics for this problem.
- Were you surprised by anything you found? Would you have expected other answers? Why, or why not?
- Name at least one cognitive bias you learned about in the previous unit that could affect decision-making regarding this problem. Provide an explanation of why you think bias could occur and how it could affect decision-making.
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