Subject Code : STA30004
Country : Australia
Assignment Task

 

Description of the first dataset 

  • There is data for more than 73000 policies in the data file motor20pct.csv that are associated with  claims in a particular year. The variables for each of the policies in this data set are explained below:-  
  • CAR_AGE measures the age of the insured car in years  
  • DRIVERS measures the number of people who are specified as designated drivers  EXPOSURE measures the fraction of the year for which the policy was active  MILEAGE measures the expected mileage travelled in a single year  
  • PRIMAGE gives the age of the primary driver in years  
  • TOTAL gives the total amount claimed on the policy in the year  
  • EXCESS = 0, 75 or 100 indicating the excess claim amount associated with each policy. The insurance  company will not pay out claims below this excess amount.  
  • USAGE specifies how the car is used (S=only social, SB=strictly business, SC=social and business,  ST=social and taxi)  
  • CLAIM=1 if there was at least one claim during the year, 0 otherwise.

 

Question 1 

Suggest a list of questions that could be answered using this data in your assignment. Consider the  CLAIM variable as a possible TARGET variable in your models and the total claim amount as a  possible RISK variable, reflecting the risk associated with any claim.

 


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  • Uploaded By : Roman
  • Posted on : April 02nd, 2019
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