A recommendation system for car insurance (Q2219620)
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English | A recommendation system for car insurance |
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A recommendation system for car insurance (English)
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20 January 2021
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The authors construct a recommendation system for car insurance. The system combines the XGBoost algorithm and the \textit{a priori} algorithm to choose which customer should be recommended and which cover to recommend, respectively. XGBoost algorithm is based on gradient boosting method -- a sequential ensemble method. The principle of boosting is to combine weak learners (e. g. decision trees for gradient tree boosting) trained in sequence to build a strong learner. In gradient tree boosting, each decision tree attempts to correct errors made by the previous tree. At each iteration, a decision tree is fitted to residual error. The \textit{a priori} algorithm was introduced in order to find association rules in a dataset (e.g. a collection of items bought together). The tests show that the approach outperforms standard results for similar up-selling campaigns.
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recommendation system
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up-selling
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car insurance
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XGBoost algorithm
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Apriori algorithm
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