Basically, the idea of the project we made is like dealing with a real-life scenario. We mean that the problem statement of the model itself is a real-life scenario. Assume that an Insurance company approached a data science team or company to make a deal. The deal was to build an automatic system that gives you the estimate of the Medical Insurance cost of a person considering some factors like age, gender, BMI, smoker/non - smoker, etc. So that it'll be easy to have an assumption of how much will be the Insurance cost should be for a customer for their Insurance company.
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