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| Content Provider | ACM Digital Library |
|---|---|
| Author | Hern´ndez-orallo, José |
| Copyright Year | 2014 |
| Abstract | Common-day applications of predictive models usually involve the full use of the available contextual information. When the operating context changes, one may fine-tune the by-default (incontextual) prediction or may even abstain from predicting a value (a reject). $\textit{Global}$ reframing solutions, where the same function is applied to adapt the estimated outputs to a new cost context, are possible solutions here. An alternative approach, which has not been studied in a comprehensive way for regression in the knowledge discovery and data mining literature, is the use of a $\textit{local}$ (e.g., probabilistic) reframing approach, where decisions are made according to the estimated output $\textit{and}$ a reliability, confidence, or probability estimation. In this article, we advocate for a simple two-parameter (mean and variance) approach, working with a $\textit{normal}$ conditional probability density. Given the conditional mean produced by any regression technique, we develop lightweight “enrichment” methods that produce good estimates of the conditional variance, which are used by the $\textit{probabilistic}$ (local) reframing methods. We apply these methods to some very common families of cost-sensitive problems, such as optimal predictions in (auction) bids, asymmetric loss scenarios, and rejection rules. |
| Starting Page | 1 |
| Ending Page | 55 |
| Page Count | 55 |
| File Format | |
| ISSN | 15564681 |
| e-ISSN | 1556472X |
| DOI | 10.1145/2641758 |
| Volume Number | 8 |
| Issue Number | 4 |
| Journal | ACM Transactions on Knowledge Discovery from Data (TKDD) |
| Language | English |
| Publisher | Association for Computing Machinery (ACM) |
| Publisher Date | 2014-08-25 |
| Publisher Place | New York |
| Access Restriction | One Nation One Subscription (ONOS) |
| Subject Keyword | Cost-sensitive regression Asymmetric loss Calibration Conditional density estimation Reframing Reliability estimation in regression |
| Content Type | Text |
| Resource Type | Article |
| Subject | Computer Science |
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