NDLI: Simplified MCDM Analytical Weighted Model for Ranking Classifiers in Financial Risk Datasets

Content Provider	IEEE Xplore Digital Library
Author	Beulah Jeba Jaya, Y. Tamilselvi, J.J.
Copyright Year	2014
Description	Author affiliation: Bharathiar Univ., Coimbatore, India (Beulah Jeba Jaya, Y.) \|\| Dept. of MCA, Jaya Eng. Coll., Chennai, India (Tamilselvi, J.J.)
Abstract	One of the most challenging tasks in data mining is to choose a better classifier for classification problems as this involves multiple criteria. The multiple criteria decision making (MCDM) techniques are noteworthy to judge different alternatives on various criteria. In this paper, a simplified MCDM technique is applied to make a judgement on different alternatives (classifiers) among multiple criteria in financial risk datasets. For this purpose, the paired t-test statistical significance test and significant win-loss tables are used to determine the performance scores for each classifier. Then, the weights are determined using an analytic hierarchy process (AHP) and finally simplified MCDM weighted sum model is applied to rank the classifiers. In addition, the efficiency of this simplified MCDM method is compared with other top MCDM methods such as TOPSIS, PROMETHEE and VIKOR to evaluate if there are any discrepancies in ranking. Analysis has been done for the three financial risk datasets from the UCI machine learning repository and surprisingly this simplified approach and the other top MCDM methods produce consistent rankings. Logistic regression and Bayesnet are ranked as the top two classifiers for financial risk datasets by this simplified approach and the other top MCDM methods. The simplified MCDM model can be applied to rank the classifiers which use simplified backgrounds in making right decisions among multiple criteria.
Starting Page	158
Ending Page	161
File Size	306644
Page Count	4
File Format	PDF
ISBN	9781479939664
DOI	10.1109/ICICA.2014.42
Language	English
Publisher	Institute of Electrical and Electronics Engineers, Inc. (IEEE)
Publisher Date	2014-03-06
Publisher Place	India
Access Restriction	Subscribed
Rights Holder	Institute of Electrical and Electronics Engineers, Inc. (IEEE)
Subject Keyword	Accuracy Financial Risk Analytic hierarchy process Radial basis function networks Classification Multiple Criteria Decision Making Classification algorithms Weighted Sum Data mining Paired t test Logistics
Content Type	Text
Resource Type	Article

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