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Cost-sensitive Selection of Variables by Ensemble of Model Sequences

2019-01-02 · Donghui Yan, Zhiwei Qin, Songxiang Gu, Haiping Xu, Ming Shao

Many applications require the collection of data on different variables or measurements over many system performance metrics. We term those broadly as measures or variables. Often data collection along each measure incurs a cost, thus it is desirable to consider the cost of measures in modeling. This is a fairly new class of problems in the area of cost-sensitive learning. A few attempts have been made to incorporate costs in combining and selecting measures. However, existing studies either do not strictly enforce a budget constraint, or are not the most' cost effective. With a focus on classification problem, we propose a computationally efficient approach that could find a near optimal model under a given budget by exploring the most promising' part of the solution space. Instead of outputting a single model, we produce a model schedule -- a list of models, sorted by model costs and expected predictive accuracy. This could be used to choose the model with the best predictive accuracy under a given budget, or to trade off between the budget and the predictive accuracy. Experiments on some benchmark datasets show that our approach compares favorably to competing methods.

📄 PDF Abstract BibTeX arXiv:1901.00456

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