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  • Assignment - 13M Payment Behaviour Prediction - BAA

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    Aditya
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    The document describes a machine learning problem to predict customer payment behavior at 13 months using policy data from a new business stage. The objective is to score each policy on the likelihood of payment and identify high-risk segments. The dataset includes training data with raw inputs and labels, and test data without labels. Steps involve data preprocessing, feature engineering, model training and validation, and evaluating on test data. Models will be evaluated based on capturing non-payers with minimal population, explainability, and meeting criteria on non-payment rates and capturing non-payers in high-risk groups. Python should be used with no restrictions on libraries or frameworks.

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    Assignment- 13M Payment Behaviour Prediction_BAA

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    The document describes a machine learning problem to predict customer payment behavior at 13 months using policy data from a new business stage. The objective is to score each policy on the likelihood of payment and identify high-risk segments. The dataset includes training data with raw inputs and labels, and test data without labels. Steps involve data preprocessing, feature engineering, model training and validation, and evaluating on test data. Models will be evaluated based on capturing non-payers with minimal population, explainability, and meeting criteria on non-payment rates and capturing non-payers in high-risk groups. Python should be used with no restrictions on libraries or frameworks.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    44 views1 page

    Assignment - 13M Payment Behaviour Prediction - BAA

    Uploaded by

    Aditya
    The document describes a machine learning problem to predict customer payment behavior at 13 months using policy data from a new business stage. The objective is to score each policy on the likelihood of payment and identify high-risk segments. The dataset includes training data with raw inputs and labels, and test data without labels. Steps involve data preprocessing, feature engineering, model training and validation, and evaluating on test data. Models will be evaluated based on capturing non-payers with minimal population, explainability, and meeting criteria on non-payment rates and capturing non-payers in high-risk groups. Python should be used with no restrictions on libraries or frameworks.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    Persistency 13M Payment Behaviour Prediction

    1. Problem Description:
    Prepare a Machine Learning Model to predict the Persistency 13M Payment Behaviour at the New Business stage.

    2. Objective:
     Using Machine Learning techniques, provide scores for each policy at the New Business stage the
    likelihood to pay the 13M premium.
     Identify the segments where maximum non payers are captured

    3. Dataset:
     “Training” dataset with the raw input attributes and the 13M actual paid/not paid flag.
     “Test” dataset with the raw input attributes but without the 13M actual paid/not paid flag.

    4. Expected Steps:
     Conduct appropriate Data Treatments for e.g. Missing Value Imputation, Outlier treatment etc.
     Conduct required Feature Engineering for e.g. Binning, Ratio, Interaction, Polynomial etc.
     Use any machine learning algorithm or combination of machine learning algorithms you deem fit.
     Prepare your model on the Train Data and you can evaluate the generalization capability of your model by
    using K-Fold Cross Validation, Leave One Out Cross Validation or any other validation technique that you
    see appropriate.
     Score the Test and Out of Time Data and share it back to us along with the scored Train Data for
    evaluation. Also share all the Model Codes and Documentation.

    5. Evaluation Criteria:
     Maximum non payers captured with minimum population.
     Mode should be explainable i.e. importance and effect of variables finally selected in the model should be
    clear
     Characteristics of a good model (try to beat these min criteria, not mandatory)
    o Non Payment Rate in the Bottom Most Probability to Pay Decile should be at least <= 15%.
    o % Non Payers Capture in the Bottom Most Probability to Pay Decile should be at least >= 40%.

    6. Rules:
     Use Python programming language for the task and feel free to use any framework (Jupyter Notebook /
    PyCharm / Anaconda Spyder etc.)
     No restriction on any library / package being used.

    The code will be evaluated against an anti-plagiarism tool for code authenticity. Hence, please do not
    copy paste the exact code from any source directly

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