Soft Methodology for Cost-and-error Sensitive Classification
This work addresses a practical limitation in cost-sensitive classification for data mining applications, offering an incremental improvement to existing algorithms.
The paper tackles the problem of high error rates in cost-sensitive classification by proposing a soft methodology that balances cost and error rate, achieving lower test error rates and similar or lower test costs on benchmark and real-world datasets.
Many real-world data mining applications need varying cost for different types of classification errors and thus call for cost-sensitive classification algorithms. Existing algorithms for cost-sensitive classification are successful in terms of minimizing the cost, but can result in a high error rate as the trade-off. The high error rate holds back the practical use of those algorithms. In this paper, we propose a novel cost-sensitive classification methodology that takes both the cost and the error rate into account. The methodology, called soft cost-sensitive classification, is established from a multicriteria optimization problem of the cost and the error rate, and can be viewed as regularizing cost-sensitive classification with the error rate. The simple methodology allows immediate improvements of existing cost-sensitive classification algorithms. Experiments on the benchmark and the real-world data sets show that our proposed methodology indeed achieves lower test error rates and similar (sometimes lower) test costs than existing cost-sensitive classification algorithms. We also demonstrate that the methodology can be extended for considering the weighted error rate instead of the original error rate. This extension is useful for tackling unbalanced classification problems.