Predictive Analytics Competition
This year, Allstate Insurance Company will be sponsoring a predictive analytics competition
in conjunction with the conference. The competition is open to all students registered for
the conference. Students may compete in teams consisting of at most 4 members. Monetary
prizes will be awarded to the top three teams: first place receives $500, second place $300,
and third place $200. The top three finishers will be determined by Allstate representatives
and notified prior to the conference. The top three finishers will be given a time slot at the
conference in order to informally present their modeling approach.
For those with little modeling experience, Allstate has constructed a few Quick Start
Guides that introduce logistic regression and data manipulation in the R programming
language. However, you are not required to use the R programming language during the
competition. A brief description of the problem
is provided below:
Description
A key part of insurance is charging each customer the appropriate price for the risk they
represent. Risk varies widely from customer to customer, and a deep understanding of
different risk factors helps predict the likelihood and cost of insurance claims.
Many factors contribute to the frequency and severity of car accidents, including how,
where and under what conditions people dirve, as well as what they are driving.
Bodily Injury Liability Insurance covers other people's bodily injury or death for which
the insured is responsible. The goal of this competition is to predict Bodily Injury
Liability Insurance likelihood based on the characteristics of the insured's vehicle.
Asking Questions During the Competition
The competition is being hosted on
Kaggle in Class; there is a public forum on this site
to ask questions. Allstate representatives will be checking this forum daily.
How to Participate
A full description of the competition and the rules for participation can be found on
Kaggle in Class, the site hosting the competition. We hope you will consider
participating!
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