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Profit-based feature selection using support vector machines – General framework and an application for customer retention
- Source :
- Applied Soft Computing. 35:740-748
- Publication Year :
- 2015
- Publisher :
- Elsevier BV, 2015.
-
Abstract
- Churn prediction is an important application of classification models that identify those customers most likely to attrite based on their respective characteristics described by e.g. socio-demographic and behavioral variables. Since nowadays more and more of such features are captured and stored in the respective computational systems, an appropriate handling of the resulting information overload becomes a highly relevant issue when it comes to build customer retention systems based on churn prediction models. As a consequence, feature selection is an important step of the respective classifier construction process. Most feature selection techniques; however, are based on statistically inspired validation criteria, which not necessarily lead to models that optimize goals specified by the respective organization. In this paper we propose a profit-driven approach for classifier construction and simultaneous variable selection based on Support Vector Machines. Experimental results show that our models outperform conventional techniques for feature selection achieving superior performance with respect to business-related goals. publisher: Elsevier articletitle: Profit-based feature selection using support vector machines – General framework and an application for customer retention journaltitle: Applied Soft Computing articlelink: http://dx.doi.org/10.1016/j.asoc.2015.05.058 content_type: article copyright: Copyright © 2015 Elsevier B.V. All rights reserved. ispartof: Applied Soft Computing vol:35 pages:740-748 status: published
Details
- ISSN :
- 15684946
- Volume :
- 35
- Database :
- OpenAIRE
- Journal :
- Applied Soft Computing
- Accession number :
- edsair.doi.dedup.....38a9c65d4334e86de2c1b1946bbd2895
- Full Text :
- https://doi.org/10.1016/j.asoc.2015.05.058