Class imbalance problem has been a challenging research problem in the fields of machine learning and data mining as most real life datasets are imbalanced. Several existing machine learning algorithms try to maximize the accuracy classification by correctly identifying majority class samples while ignoring the minority class. However, the concept of the minority class instances usually represents a higher interest than the majority class. Recently, several cost sensitive methods, ensemble models and sampling techniques have been used in literature in order to classify imbalance datasets. In this paper, we propose MEBoost, a new boosting algorithm for imbalanced datasets. MEBoost mixes two different weak learners with boosting to improve the performance on imbalanced datasets. MEBoost is an alternative to the existing techniques such as SMOTEBoost, RUSBoost, Adaboost, etc. The performance of MEBoost has been evaluated on 12 benchmark imbalanced datasets with state of the art ensemble methods like SMOTEBoost, RUSBoost, Easy Ensemble, EUSBoost, DataBoost. Experimental results show significant improvement over the other methods and it can be concluded that MEBoost is an effective and promising algorithm to deal with imbalance datasets
This is the official python implementation of the paper https://arxiv.org/pdf/1712.06658.pdf
Use fit() to train predict() to get predictions. predict_proba() and predict_proba_samme() can be used to get probabilites.
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