Predicting Levels of Sales for Newly Published Books

This is a paper on predicting the level of sales for newly published books. This is a multi-class classification problem.

Challenges

• Multi-class
• Imbalance class distribution
• Misclassification cost of each class is not equal

Approach:

0. Conventional classifiers (kNN, Decision Trees, MLP, SVM)
1. Ensemble classifiers (Bagging, Boosting, Random Forests)
2. Cost-sensitive strategies