SETTER: Syed

Fast, Furious and Insured: HackerEarth Machine Learning Challenge

Challenge Over

OPENS AT: May 21, 2021, 01:30 PM

CLOSES ON: Jun 20, 2021, 01:30 PM

DURATION: 30 days

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ABOUT CHALLENGE

Problem statement

Road traffic accidents claim the lives of about 1.35 million people per year. For children and young adults aged 5 to 29, road traffic accidents are the leading cause of death.Therefore, in most countries, for the sake of safety and protection, the law has made it mandatory for all vehicle owners to have vehicle insurance.

Vehicle insurance safeguards an individual from financial liabilities that might occur as a result of an adverse incident involving your vehicle; such as a car crash, fire, theft, or natural disasters. It covers all medical bills, allowing you to concentrate on getting better rather than worrying about money.

Task

You have been hired as a Machine Learning expert by a leading car insurance company. Your task is to predict the insurance claim of the cars that are provided in the dataset.

Dataset

The dataset consists of parameters such as the images of damaged cars, the cost price of the cars and their insurance claim, and the like.

The benefits of practicing this problem by using Machine Learning techniques are as follows:

  • This challenge encourages you to apply your Machine Learning skills to build a model that predicts the insurance claim of the cars that are provided in the dataset.
  • This challenge will help you enhance your knowledge of regression. Regression is one of the basic building blocks of Machine Learning.

We challenge you to build a model that successfully predicts the insurance claim of the cars that are provided in the dataset.


Prizes

Considering these unprecedented times that the world is facing due to the Coronavirus pandemic, we wish to do our bit and contribute the prize money for the welfare of society.

Overview

Machine Learning is an application of Artificial Intelligence (AI) that provides systems with the ability to automatically learn and improve from experiences without being explicitly programmed. Machine Learning is a Science that determines patterns in data. These patterns provide a deeper meaning to problems. First, it helps you understand the problems better and then solve the same with elegance.

Here’s presenting HackerEarth Machine Learning challenge: Fast, Furious and Insured

This challenge is designed to help you improve your Machine Learning skills by competing and learning from fellow participants.

Why should you participate?

  • To analyze and implement multiple algorithms and determine which is more appropriate for a problem
  • To get hands-on experience in Machine Learning problems

Who should participate?

  • Working professionals
  • Data Science or Machine Learning enthusiasts
  • College students (if you understand the basics of predictive modeling)

Tutorials

Machine Learning practice

GUIDELINES

  • Your output will be evaluated only for 50% of the test data while the contest is running. Once the contest is over, output for the remaining 50% of the data will be eval...
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