Jamotten, Charlotte; Hainaut, Donatien; Hames, Thomas - In: Risks : open access journal 12 (2024) 9, pp. 1-28
The K-means algorithm and its variants are well-known clustering techniques. In actuarial applications, these … a novel approach based on Burt distance. We begin by reviewing the K-means algorithm to establish the foundation for our … Burt distance-based framework. Next, we extend the scope of application of the mini-batch and fuzzy K-means variants to …