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Neural Networks for Automobile Insurance Pricing

Neural Networks for Automobile Insurance Pricing

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Author(s): Ai Cheo Yeo (Monash University, Australia)
Copyright: 2009
Pages: 6
Source title: Encyclopedia of Information Science and Technology, Second Edition
Source Author(s)/Editor(s): Mehdi Khosrow-Pour, D.B.A. (Information Resources Management Association, USA)
DOI: 10.4018/978-1-60566-026-4.ch446

Keywords: Information Resources Management / Information Science Reference / Library & Information Science

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Abstract

In highly competitive industries, customer retention has received much attention. Customer retention is an important issue, as loyal customers tend to produce greater cash flow and profits, are less sensitive to price, bring along new customers and do not require any acquisition or start-up costs.

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