Effective probability forecasting for time series data using standard machine learning techniques
ICAPR'05 Proceedings of the Third international conference on Advances in Pattern Recognition - Volume Part I
Effective confidence region prediction using probability forecasters
AIME'05 Proceedings of the 10th conference on Artificial Intelligence in Medicine
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The C4.5 Decision Tree and Naive Bayes learners are known to produce unreliable probability forecasts. We have used simple Binning and Laplace Transform techniques to improve the reliability of these learners and compare their effectiveness with that of the newly developed Venn Probability Machine (VPM) meta-learner. We assess improvements in reliability using loss functions, Receiver Operator Characteristic (ROC) curves and Empirical Reliability Curves (ERC). The VPM outperforms the simple techniques to improve reliability, although at the cost of increased computational intensity and slight increase in error rate. These trade-offs are discussed.