Clustering technique for risk classification and prediction of claim costs in the automobile insurance industry.
Ai Cheo YeoKate A. SmithRobert J. WillisMalcolm BrooksPublished in: Intell. Syst. Account. Finance Manag. (2001)
Keyphrases
- risk management
- prediction accuracy
- clustering method
- classification accuracy
- feature vectors
- unsupervised classification
- unsupervised learning
- neural networks and support vector machines
- supervised classification
- prediction model
- high dimensionality
- training set
- support vector
- pattern recognition
- feature selection
- clustering algorithm
- decision trees
- pattern classification
- feature extraction
- classification algorithm
- class labels
- support vector machine svm
- text classification
- image classification
- classification models
- categorical data
- support vector machine
- extreme values
- training samples
- feature space
- classification method
- cluster analysis
- feature set
- case study
- dimensionality reduction
- decision making
- k means