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Data clustering with actuarial applications

Recurso electrónico / Electronic resource
MARC record
Tag12Value
LDR  00000cab a2200000 4500
001  MAP20200018070
003  MAP
005  20220911211151.0
008  200528e20200526usa|||p |0|||b|eng d
040  ‎$a‎MAP‎$b‎spa‎$d‎MAP
084  ‎$a‎6
1001 ‎$0‎MAPA20140000234‎$a‎Gan, Guojun
24510‎$a‎Data clustering with actuarial applications‎$c‎Guojun Gan, Emiliano A. Valdez
520  ‎$a‎Data clustering refers to the process of dividing a set of objects into homogeneous groups or clusters such that the objects in each cluster are more similar to each other than to those of other clusters. As one of the most popular tools for exploratory data analysis, data clustering has been applied in many scientific areas. In this article, we give a review of the basics of data clustering, such as distance measures and cluster validity, and different types of clustering algorithms. We also demonstrate the applications of data clustering in insurance by using two scalable clustering algorithms, the truncated fuzzy c-means (TFCM) algorithm and the hierarchical k-means algorithm, to select representative variable annuity contracts, which are used to build predictive models. We found that the hierarchical k-means algorithm is efficient and produces high-quality representative variable annuity contracts.
650 4‎$0‎MAPA20080578848‎$a‎Análisis de datos
650 4‎$0‎MAPA20080553128‎$a‎Algoritmos
650 4‎$0‎MAPA20080592059‎$a‎Modelos predictivos
650 4‎$0‎MAPA20080602437‎$a‎Matemática del seguro
650 4‎$0‎MAPA20080579258‎$a‎Cálculo actuarial
7001 ‎$0‎MAPA20080648428‎$a‎Valdez, Emiliano A.
7730 ‎$w‎MAP20077000239‎$t‎North American actuarial journal‎$d‎Schaumburg : Society of Actuaries, 1997-‎$x‎1092-0277‎$g‎01/06/2020 Tomo 24 Número 2 - 2020 , p. 168-186