$F_β$-plot -- a visual tool for evaluating imbalanced data classifiers
This addresses the challenge for researchers and practitioners in machine learning who need reliable evaluation methods for imbalanced classification tasks, though it is an incremental improvement over existing metrics.
The paper tackles the problem of evaluating classifiers on imbalanced data by proposing a visual tool called $F_\beta$-plot to analyze the parametric metric $F_\beta$, enabling users to select models based on their specific requirements without relying on ambiguous aggregate metrics.
One of the significant problems associated with imbalanced data classification is the lack of reliable metrics. This runs primarily from the fact that for most real-life (as well as commonly used benchmark) problems, we do not have information from the user on the actual form of the loss function that should be minimized. Although it is pretty common to have metrics indicating the classification quality within each class, for the end user, the analysis of several such metrics is then required, which in practice causes difficulty in interpreting the usefulness of a given classifier. Hence, many aggregate metrics have been proposed or adopted for the imbalanced data classification problem, but there is still no consensus on which should be used. An additional disadvantage is their ambiguity and systematic bias toward one class. Moreover, their use in analyzing experimental results in recognition of those classification models that perform well for the chosen aggregated metrics is burdened with the drawbacks mentioned above. Hence, the paper proposes a simple approach to analyzing the popular parametric metric $F_β$. We point out that it is possible to indicate for a given pool of analyzed classifiers when a given model should be preferred depending on user requirements.