Title
Measuring, Quantifying, And Predicting The Cost-Accuracy Tradeoff
Abstract
Exponentially increasing data volumes, coupled with new modes of analysis have created significant new opportunities for data scientists. However, the stochastic nature of many data science techniques results in tradeoffs between costs and accuracy. For example, machine learning algorithms can be trained iteratively and indefinitely with diminishing returns in terms of accuracy. In this paper we explore the cost-accuracy tradeoff through three representative examples: we vary the number of models in an ensemble, the number of epochs used to train a machine learning model, and the amount of data used to train a machine learning model. We highlight the feasibility and benefits of being able to measure, quantify, and predict costaccuracy tradeoffs by demonstrating the presence and usability of these tradeoffs in two different case studies.
Year
DOI
Venue
2019
10.1109/BigData47090.2019.9006370
2019 IEEE INTERNATIONAL CONFERENCE ON BIG DATA (BIG DATA)
Keywords
Field
DocType
performance, optimization, big data analytics, machine learning, quality of analytics
Data mining,Computer science,Usability,Artificial intelligence,Diminishing returns,Big data,Machine learning
Conference
ISSN
Citations 
PageRank 
2639-1589
0
0.34
References 
Authors
0
6
Name
Order
Citations
PageRank
Matt Baughman162.80
Nifesh Chakubaji200.34
Hong-Linh Truong31861143.17
Krists Kreics400.34
Kyle Chard551556.70
Foster Ian6229382663.24