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Ryan Ahmed

In this 1-hour long project-based course, you will learn how to predict medical insurance cost with machine learning. The objective of this case study is to predict the health insurance cost incurred by Individuals based on their age, gender, Body Mass Index (BMI), number of children, smoking habits, and geo-location.

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In this 1-hour long project-based course, you will learn how to predict medical insurance cost with machine learning. The objective of this case study is to predict the health insurance cost incurred by Individuals based on their age, gender, Body Mass Index (BMI), number of children, smoking habits, and geo-location.

Note: This course works best for learners who are based in the North America region. We’re currently working on providing the same experience in other regions.

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What's inside

Syllabus

Project Overview
In this project-based course, we will build, train and test a machine learning model to predict insurance cost based on customer features such as age, gender, Body Mass Index (BMI), number of children, smoking habits, and geo-location. This guided project is practical and directly applicable to the insurance industry.

Good to know

Know what's good
, what to watch for
, and possible dealbreakers
Builds a foundation in machine learning to predict medical insurance costs, which is pertinent to the medical industry
Taught by instructors with industry experience
This is a project-based course where learners can apply their knowledge

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Activities

Be better prepared before your course. Deepen your understanding during and after it. Supplement your coursework and achieve mastery of the topics covered in Medical Insurance Premium Prediction with Machine Learning with these activities:
Seek guidance from experienced machine learning practitioners
Connect with experts in the field to gain insights and accelerate your learning.
Browse courses on Mentorship
Show steps
  • Attend industry events or online meetups
  • Reach out to professionals on LinkedIn or other networking platforms
Review basic machine learning concepts
Sharpen your understanding of core machine learning concepts before diving into the course.
Show steps
  • Revise supervised and unsupervised learning algorithms
  • Brush up on model evaluation metrics
Read 'Introduction to Machine Learning' by Ethem Alpaydin
Gain a comprehensive understanding of machine learning principles from a highly regarded textbook.
Show steps
  • Read chapters 1-3 to establish a strong foundation
Five other activities
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Show all eight activities
Compile a list of useful resources on machine learning
Gather a valuable collection of articles, tutorials, and tools to support your learning journey.
Browse courses on Online Learning
Show steps
  • Search for high-quality resources on machine learning
  • Organize the resources into a curated list
  • Share the list with other learners or use it as a reference for your own studies
Solve practice problems on regression
Reinforce your knowledge of regression techniques by working through practice problems.
Browse courses on Regression Analysis
Show steps
  • Find online resources or textbooks with regression practice problems
  • Solve at least 10 practice problems, tracking your accuracy
Participate in online coding challenges
Test your skills and expand your knowledge by participating in coding challenges related to machine learning.
Browse courses on Coding Challenges
Show steps
  • Join online coding platforms like LeetCode or HackerRank
  • Solve coding challenges related to regression and other machine learning topics
Build a simple regression model using Python
Solidify your understanding of regression by implementing a model from scratch.
Browse courses on Regression Modeling
Show steps
  • Choose a regression algorithm (e.g., linear regression)
  • Write code in Python to train and evaluate the model
  • Interpret the results and discuss the model's performance
Attend a machine learning workshop or conference
Engage with experts and learn about the latest advancements in machine learning.
Show steps
  • Research upcoming workshops or conferences in your area
  • Register for an event that aligns with your interests
  • Attend sessions, network with attendees, and participate in discussions

Career center

Learners who complete Medical Insurance Premium Prediction with Machine Learning will develop knowledge and skills that may be useful to these careers:
Data Scientist
As a Data Scientist, you will apply your skills in machine learning and statistical modeling to analyze large healthcare datasets. This course can help you build a foundation in the specific techniques and applications of machine learning within the insurance industry.
Insurance Underwriter
As an Insurance Underwriter, you will use your understanding of machine learning and risk assessment to evaluate and price insurance policies. This course can help you develop the skills necessary to leverage machine learning techniques in the insurance industry, providing you with a competitive edge in this role.
Machine Learning Engineer
As a Machine Learning Engineer, you will use your skills in machine learning to design, develop, and implement machine learning models for healthcare applications. By taking this course, you can gain a deeper understanding of the specific techniques and applications of machine learning in the insurance industry.
Risk Analyst
As a Risk Analyst, you will use your understanding of machine learning and risk assessment to identify, assess, and manage risks for organizations. This course can help you build a strong foundation in the application of machine learning techniques in risk management, providing you with valuable skills for this role.
Data Engineer
As a Data Engineer, you will use your skills in machine learning to ensure healthcare data quality and improve the efficiency of medical systems. This course might be particularly useful for those who wish to advance in the healthcare field by progressing from a Data Analyst to a Data Engineer.
Healthcare Analyst
As a Healthcare Analyst, you will use your understanding of machine learning and data analysis to identify trends and patterns in healthcare data. By taking this course, you can gain a deeper understanding of the principles and processes involved in machine learning for healthcare applications.
Data Analyst
As a Data Analyst, you will use your skills in machine learning and data analysis to extract insights from large datasets. This course can help you develop the skills necessary to analyze healthcare data and identify trends and patterns, providing you with a foundation for a successful career in this field.
Insurance Actuary
As an Insurance Actuary, you will use your knowledge of machine learning and statistics to assess and manage risks in the insurance industry. This course can help you understand the specific applications of machine learning in the insurance field, providing you with valuable skills for this role.
Quantitative Analyst
As a Quantitative Analyst, you will use your skills in machine learning and statistical modeling to analyze financial data and make investment decisions. This course is not directly related to the finance industry, but it can help you develop transferable skills in machine learning and data analysis, which are valuable in this field.
Epidemiologist
As an Epidemiologist, you may use your skills in statistical modeling to investigate the causes and spread of diseases. This course may be useful for those who wish to work as Epidemiologists and have a background in computer science or data analysis.
Healthcare Consultant
As a Healthcare Consultant, you may use your skills in business and healthcare to advise healthcare organizations. This course may be useful for those who wish to work as Healthcare Consultants and have a background in data analysis or machine learning.
Public Health Analyst
As a Public Health Analyst, you may use your skills in data analysis to identify and address public health issues. This course may be useful for those who wish to work as Public Health Analysts and have a background in computer science or data analysis.
Insurance Agent
As an Insurance Agent, you will use your understanding of insurance products and policies to advise clients. This course may be useful for those who wish to work as Insurance Agents and have a background in data analysis or machine learning.
Health Economist
As a Health Economist, you may use your skills in econometrics to analyze the healthcare industry. This course may be useful for those who wish to work as Health Economists and have a background in computer science or data analysis.
Biostatistician
As a Biostatistician, you may use your skills in statistics to analyze healthcare data. This course may be useful for those who wish to work as Biostatisticians and have a background in computer science or data analysis.

Reading list

We've selected seven books that we think will supplement your learning. Use these to develop background knowledge, enrich your coursework, and gain a deeper understanding of the topics covered in Medical Insurance Premium Prediction with Machine Learning.
Provides a comprehensive overview of machine learning techniques and tools, with a focus on practical applications in healthcare. It covers topics such as data preprocessing, feature engineering, model selection, and evaluation.
Provides a comprehensive introduction to machine learning concepts and algorithms, including regression models for predicting healthcare costs.
Provides a very gentle introduction to machine learning for absolute beginners. It covers topics such as data preprocessing, feature engineering, model selection, and evaluation.
Provides a practical introduction to machine learning. It covers topics such as data preprocessing, feature engineering, model selection, and evaluation.
Provides a gentle introduction to machine learning using Python. It covers topics such as supervised and unsupervised learning, model selection, and evaluation.
Provides a more theoretical introduction to machine learning. It covers topics such as Bayesian inference, optimization, and graphical models.

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