You are presented with multiple paper abstracts, alongside the associated literature review and chapter titles. Given the provided information, you are going to do a literature review. Please generate a coherent literature review that synthesizes the content, draws connections between different works, highlights major findings, and identifies any gaps in the existing research.

Literature Review Title: DATA MINING FOR IMBALANCED DATASETS: AN OVERVIEW 
Chapter Title:  SMOTEBoost 
1. Abstract of Cited Paper (BIB001):  In an earlier paper, we introduced a new "boosting" algorithm called AdaBoost which, theoretically, can be used to significantly reduce the error of any learning algorithm that con- sistently generates classifiers whose performance is a little better than random guessing. We also introduced the related notion of a "pseudo-loss" which is a method for forcing a learning algorithm of multi-label concepts to concentrate on the labels that are hardest to discriminate. In this paper, we describe experiments we carried out to assess how well AdaBoost with and without pseudo-loss, performs on real learning problems. We performed two sets of experiments. The first set compared boosting to Breiman's "bagging" method when used to aggregate various classifiers (including decision trees and single attribute- value tests). We compared the performance of the two methods on a collection of machine-learning benchmarks. In the second set of experiments, we studied in more detail the performance of boosting using a nearest-neighbor classifier on an OCR problem. 
2. Abstract of Cited Paper (BIB002):  Many real world data mining applications involve learning from imbalanced data sets. Learning from data sets that contain very few instances of the minority (or interesting) class usually produces biased classifiers that have a higher predictive accuracy over the majority class(es), but poorer predictive accuracy over the minority class. SMOTE (Synthetic Minority Over-sampling TEchnique) is specifically designed for learning from imbalanced data sets. This paper presents a novel approach for learning from imbalanced data sets, based on a combination of the SMOTE algorithm and the boosting procedure. Unlike standard boosting where all misclassified examples are given equal weights, SMOTEBoost creates synthetic examples from the rare or minority class, thus indirectly changing the updating weights and compensating for skewed distributions. SMOTEBoost applied to several highly and moderately imbalanced data sets shows improvement in prediction performance on the minority class and overall improved F-values.

Literature Review:
SMOTEBoost algorithm combines SMOTE and the standard boosting procedure BIB003 . We want to utilize SMOTE for improving the accuracy over the minority classes, and we want to utilize boosting to maintain accuracy over the entire data set. The major goal is to better model the minority class in the data set, by providing the learner not only with the minority class instances that were rnisclassified in previous boosting iterations, but also with a broader representation of those instances. The standard boosting procedure gives equal weights to all misclassified examples. Since boosting samples from a pool of data that predominantly consists of the majority class, subsequent samplings of the training set may still be skewed towards the majority class. Although boosting reduces the variance and the bias in the final ensemble BIB002 , it might not hold for datasets with skewed class distributions. There is a very strong learning bias towards the majority class cases in a skewed data set, and subsequent iterations of boosting can lead to a broader sampling from the majority class. Boosting (Adaboost) treats both kinds of errors (FP and FN) in a similar fashion. Our goal is to reduce the bias inherent in the learning procedure due to the class imbalance, and increase the sampling weights for the minority class. Introducing SMOTE in each round of boosting will enable each learner to be able to sample more of the minority class cases, and also learn better and broader decision regions for the minority class. SMOTEBoost approach outperformed boosting, Ripper BIB001 , and AdaCost on a variety of datasets BIB003 .