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The first set of project notes must describe the data and be aligned to the analytical business problem the Project addresses. It should also include the rationale of the project (why is the problem...

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The first set of project notes must describe the data and be aligned to the analytical business problem the
Project addresses. It should also include the rationale of the project (why is the problem important and what
value will it add to the company). The submission should be of 7 to 10 pages(but not limited to) containing a
simple and straightforward depiction of the objective of the project, description of data, Exploratory Data
Analysis (EDA) report and the insights from EDA.
Below are the guidelines for the Project Notes-I:
Review Parameters Points
1) Introduction of the business problem 4
a) Defining problem statement
) Need of the study/project
c) Understanding business/social opportunity
2)Data Report 2
a) Understanding how data was collected in terms of time, frequency and
methodology

) Visual inspection of data (rows, columns, descriptive details)
c) Understanding of attributes (variable info, renaming if required)
3) Exploratory data analysis 10
a) Univariate analysis (distribution and spread for every continuous attribute,
distribution of data in categories for categorical ones)

) Bivariate analysis (relationship between different variables , co
elations)
a) Removal of unwanted variables (if applicable)
) Missing Value treatment (if applicable)
d) Outlier treatment (if required)
e) Variable transformation (if applicable)
f) Addition of new variables (if required)
4) Business insights from EDA 4
a) Is the data unbalanced? If so, what can be done? Please explain in the
context of the business

) Any business insights using clustering (if applicable)
c) Any other business insights
Total 20
The second set of project notes must include the model building aspect and be aligned to the analytical
usiness problem the Project addresses. It should also include the rationale behind using
uilding one
particular model (if applicable). The notes should be
ief and succinct containing the depiction of the results
for the models built aligned with the objective of the project.
Below are the guidelines for the Project Notes-II:
Please note the following:
• You have to submit 2 files :
1. Business Report: In this, you should cover all the topics given in the ru
ic in a sequential
manner. It should include a detailed explanation of the approach used, insights, inferences, all
outputs of codes like graphs, tables, etc. and their business implications. Your report
should not be filled with codes. You will be evaluated based on the business report.
2. Python Notebook file: This is a must and will be used for reference while evaluating.Failing
to do so shall lead to ZERO marks in all the sections where code file is necessary.
• Please note that evaluation will happen on Business Report. The Python-code is only for reference. If
you fail to submit the Business report ZERO Marks will be awarded.
• Any notes found copied/ plagiarized with other(s) will not be graded and marked as zero.
• Please ensure timely submission as the post-deadline assignment will not be accepted.
Standard Instructions for Business Report:
• All pages must be numbered.
• Tables/figures/charts/graphics (if any) must have number and title.
• Groups must make sure visualizations are clearly read at usual magnification and add value to the
Report
o All visualizations must be clearly labelled.
o All axis labels and legends must be legible.
o Tableau graphics default mode is not always conducive to normal copy-paste. A proper
adjustment may be required.
Answered 3 days After Feb 17, 2023

Solution

Mukesh answered on Feb 20 2023
29 Votes
Introduction
Healthcare is a crucial aspect of modern life, affecting the well-being and longevity of individuals worldwide. Access to affordable and high-quality healthcare is a major concern for people in every corner of the globe, and the cost of medical treatment can pose a significant financial burden, especially for those who are not covered by insurance. While healthcare costs continue to rise, insurance companies are tasked with finding ways to minimize risk and optimize costs to provide their clients with the best possible coverage. To achieve this goal, insurers need to have a comprehensive understanding of their clients' health status, lifestyle habits, and other relevant factors that may impact their health.
In recent years, the healthcare industry has undergone significant changes and innovations, thanks to the development of new technologies and the application of data-driven insights. These advancements have helped healthcare providers and insurance companies better understand the healthcare needs of their clients, and have enabled them to deliver more targeted and personalized care. By leveraging data analytics, insurers can gain valuable insights into their clients' health status, which allows them to develop more effective and efficient insurance plans that meet the needs of their clients.
One of the key challenges that insurance companies face in the healthcare industry is the need to minimize risk while still providing comprehensive coverage to their clients. This requires a proactive approach to healthcare, where insurers work closely with their clients to understand their health needs and risks. By collecting and analyzing data on their clients' health status, lifestyle habits, and other relevant factors, insurers can identify potential risks and develop strategies to mitigate them. For example, insurers may offer incentives to encourage healthy behaviour, such as discounts on gym memberships or wellness programs. By promoting healthy habits, insurers can help reduce the risk of illness and disease, which ultimately benefits both the insurer and the client.
In addition to promoting healthy habits, insurers must also be proactive in managing chronic conditions. Chronic conditions, such as diabetes and heart disease, can be costly to treat and can pose a significant risk to insurers. By providing targeted support and resources to clients with chronic conditions,...
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