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What is Feature Engineering

Encyclopedia of Data Science and Machine Learning
Feature engineering means creating new features exploiting the knowledge gained during exploratory data analysis as well as domain knowledge of dataset and application of encoding techniques like stage, label, dummy (one hot), frequency, target encoding.
Published in Chapter:
Machine Learning and Exploratory Data Analysis in Cross-Sell Insurance
Anand Jha (Rustamji Institute of Technology, BSF Academy, Tekanpur, India) and Brajkishore Prajapati (Rustamji Institute of Technology, BSF Academy, Tekanpur, India)
Copyright: © 2023 |Pages: 35
DOI: 10.4018/978-1-7998-9220-5.ch039
Abstract
Data is playing a central role in the insurance industry. The current journey of insurance industry is conquered by data collection to make future decisions since this is the digital era of the insurance industry in its journey of 700+ years. This chapter focuses on exploratory data analysis (EDA) to identify significant and critical factors to develop business strategy as well as to predict customers' responses in cross-sell health insurance. Response is either acceptance or rejection of a health insurance product offered to existing customers, who may or may not hold policies with the company. Exploratory data analysis (EDA) presents data analysis and visualization from various lookouts to characterize data that can help the insurer in strategic decision making.
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Use of Data Analytics to Increase the Efficiency of Last Mile Logistics for Ecommerce Deliveries
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Machine Learning and Sensor Data Fusion for Emotion Recognition
It is the process of identifying the most relevant and important features for machine learning algorithms for creating predictive models for machine learning.
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Development, Sustainment, and Scaling of Self-Regulated Learning Analytics: Prediction Modeling and Digital Student Success Initiatives in University Contexts
Any actions taken to create a new trace from raw event data captured in a logfile. Learning analytics practitioners will engage in feature engineering as they label and organize learning events of interest to educators who aim to make decisions or inferences about learners in a learning environment.
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