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Minimal cost decision tree construction plays a crucial role in cost sensitive learning.
In cost sensitive learning, misclassification of the marginal class is assigned a high cost which the algorithm then attempts to lessen.
The imbalanced UCI Machine Learning Repository datasets are used in many standard cost sensitive learning papers in literature [2, 3, 10].
After weighting scheme is applied, WELM classifier can push the separating boundary from the minority class towards the majority class [28] As a result, the WELM classifier can be generalized to cost sensitive learning by assigning different weight [28].
Cost sensitive learning can be implemented using an inherently cost-sensitive classification approach, or using a "wrapper" which converts an otherwise cost-agnostic classifier into a cost sensitive one.
This makes it behave very different from the conventional static picture of cost sensitive learning — e.g. an error in the immediate time frame is now costlier than that same error occurring at a future time.
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As an example of the sensitivity that can be achieved with the sampling methods and cost-sensitive learning while maintaining a reasonable specificity, Table 9 shows the performance of the classifiers with the highest sensitivity and a specificity of at least 0.5.
A survey of cost-sensitive learning techniques over the years is covered in [1].
These techniques have been traditionally proposed under three different perspectives: data treatment, adaptation of algorithms, and cost-sensitive learning.
We use two approaches to deal with the imbalance problem: sampling methods and cost-sensitive learning.
While it is a challenge to construct many suitable transformation functions for the costs with diverse units, this paper designs a heterogeneous-cost sensitive learning (HCSL) algorithm to make split attribute selection more effective.
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