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Question No: 04 This is a subjective question, hence you have to write your answer in the Text-Field given below. A motor insurance company was

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Question No: 04 This is a subjective question, hence you have to write your answer in the Text-Field given below. A motor insurance company was has an investigation team that investigates the claims made. The fraud investigation team investigates up to 30% of all claims made. The company realised that it was losing too much money due to fraudulent claims. List four ways in which predictive data analytics could be used to help address this business problem. For each proposed approach, describe the predictive model that will be built, how the model will be used by the business, and how using the model will help address the original business problem. (8 marks)

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