Table 2 Advantages, disadvantages and applications of each utilized model.
 | Gradient Boosting43 | CatBoost46 | XGBoost48 |
---|---|---|---|
Advantages | (1) Recommendation systems (2) Natural language processing (3) Image and video analysis (4) Fraud detection | (1) Built-in handling of categorical features (2) Automatic handling of missing values (3) Excellent handling of large datasets | (1) High predictive performance (2) Efficient implementation (3) Regularization techniques to prevent overfitting (4) Feature importance ranking |
Disadvantages | (1) Sensitive to hyperparameter tuning (2) Prone to overfitting with complex datasets (3) Lack of built-in handling for categorical features | (1) Longer training time for large datasets (2) Relatively high memory consumption (3) Requires more computational resources | (1) Requires tuning of hyperparameters 2) Limited handling of categorical features (3) Difficult to interpret complex models |
Applications | (1) Predictive modeling in various domains (2) Financial risk analysis (3) Healthcare and medical research (4) Customer churn prediction | (1) Recommendation systems (2) Natural language processing (3) Image and video analysis (4) Fraud detection | (1) Classification and regression problems (2) Feature selection and ranking (3) Anomaly detection (4) Time series forecasting |