A Data Scientist Received a Set of Insurance Records, Each

question 124

Multiple Choice

A Data Scientist received a set of insurance records, each consisting of a record ID, the final outcome among 200 categories, and the date of the final outcome. Some partial information on claim contents is also provided, but only for a few of the 200 categories. For each outcome category, there are hundreds of records distributed over the past 3 years. The Data Scientist wants to predict how many claims to expect in each category from month to month, a few months in advance. What type of machine learning model should be used?

• A) Classification month-to-month using supervised learning of the 200 categories based on claim contents.
• B) Reinforcement learning using claim IDs and timestamps where the agent will identify how many claims in each category to expect from month to month.
• C) Forecasting using claim IDs and timestamps to identify how many claims in each category to expect from month to month.
• D) Classification with supervised learning of the categories for which partial information on claim contents is provided, and forecasting using claim IDs and timestamps for all other categories.

---

Definitions:

Welfare Payments

Welfare payments are government-provided financial assistance programs designed to support individuals or families in meeting basic living expenses, often targeted towards the needy or unemployed.

Military Payroll

The total sum of money distributed to military personnel as salaries or wages by the government.

Government Purchases

Expenditures by government entities on goods and services that are part of a country's gross domestic product.

Federal Income Tax

The tax levied by the US government on the annual earnings of individuals, corporations, trusts, and other legal entities.