Undersampling.Say, you have 40,000 positive sample and 2,000 negative samples in your dataset..We will use this as our running example henceforth..What you can do is just randomly pick up 2,000 positive samples out of the 40,000, all 2,000 negative samples, and train and validate your model only on these 4,000 samples..This will allow you to use all the classification algorithms in just the usual way..This method is easy to implement and runs very fast as well..However, one downside is that you are potentially discarding the 38,000 positive sample you have and that data is going down the drain.To overcome this, you can create an ensemble of models wherein each model uses a different set of 2,000 positive sample and all 2,000 negative samples and is trained and validated separately..Then on your test set, you take a majority vote of all these models..This allows you to take into account all of your data without causing an imbalance..Furthermore, you can even use different algorithms for different sets and then your ensemble would be even more robust..However, this would be a bit computationally expensive.b..OversamplingIn this method, you generate more samples of your minority class..You can do this either by first creating a generative model and then creating new samples or by just picking existing samples with replacement.. More details