2023
DOI: 10.3390/su151411232
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Benchmarking Biologically-Inspired Automatic Machine Learning for Economic Tasks

Abstract: Data-driven economic tasks have gained significant attention in economics, allowing researchers and policymakers to make better decisions and design efficient policies. Recently, with the advancement of machine learning (ML) and other artificial intelligence (AI) methods, researchers can now solve complex economic tasks with previously unseen performance and ease. However, to use such methods, one is required to have a non-trivial level of expertise in ML or AI, which currently is not standard knowledge in eco… Show more

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Cited by 7 publications
(3 citation statements)
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“…We use the Tree-Based Pipeline Optimization Tool (TPOT), the genetic algorithm-based automatic machine learning library 45 . TPOT produces a full machine learning (ML) pipeline, including feature selection engineering, model selection, model ensemble, and hyperparameter tuning; and shown to produce impressive results in a wide range of applications [46][47][48] . Hence, for every configuration of source and target variables investigated, we used TPOT, allowing it to test up to 10000 ML pipelines.…”
Section: Classification and Regression Machine Learning Modelsmentioning
confidence: 99%
“…We use the Tree-Based Pipeline Optimization Tool (TPOT), the genetic algorithm-based automatic machine learning library 45 . TPOT produces a full machine learning (ML) pipeline, including feature selection engineering, model selection, model ensemble, and hyperparameter tuning; and shown to produce impressive results in a wide range of applications [46][47][48] . Hence, for every configuration of source and target variables investigated, we used TPOT, allowing it to test up to 10000 ML pipelines.…”
Section: Classification and Regression Machine Learning Modelsmentioning
confidence: 99%
“…Formally, given a dataset D∈R r,c with c∈N features and r∈N samples, we utilized TPOT, which uses a GA-based approach, to generate and test ML pipelines based on the popular scikit-learn library (38). Formally, we run the TPOT classifier search method to obtain an ML pipeline that aims to optimize the classifier's mean accuracy over the k-folds (39). Once the pipeline was obtained, we further aimed to improve the model's performance over the training cohort using the grid-search hyperparameters method (40) such that the hyperparameter value ranges were chosen manually (41).…”
Section: Detection Machine Learning Modelmentioning
confidence: 99%
“…For the method's performance validation, we manually collected 100 numerical datasets from Data World (https://data.world/datasets/economics; accessed on 24 October 2023) and Kaggle (https://www.kaggle.com; accessed on 24 October 2023), following [42]. The datasets were randomly chosen from a broad range of fields and represented a wide range of computational tasks.…”
Section: Performance Evaluationmentioning
confidence: 99%