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Loss Function

The loss function measures the difference between an algorithm's predicted output and the actual output, helping to assess model performance in machine learning. It can be categorized into regression and classification, with specific loss functions like Mean Absolute Error (MAE) and Mean Squared Error (MSE) used for regression tasks. While loss functions provide insights into model effectiveness, metrics like accuracy are more interpretable for human understanding.

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2 views

Loss Function

The loss function measures the difference between an algorithm's predicted output and the actual output, helping to assess model performance in machine learning. It can be categorized into regression and classification, with specific loss functions like Mean Absolute Error (MAE) and Mean Squared Error (MSE) used for regression tasks. While loss functions provide insights into model effectiveness, metrics like accuracy are more interpretable for human understanding.

Uploaded by

sannigrahi.jeet
Copyright
© © All Rights Reserved
Available Formats
Download as PDF, TXT or read online on Scribd
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What is Loss Function

The loss function is the function that determines how far the algorithm’s
current output is from what is desired. This is a technique for assessing how
well our algorithm models the input. It can be divided into two categories.
Both for regression and for classification

The loss function in machine learning distinguishes between the model’s


projected output and the actual output for a single training example. In
contrast, the cost function is the mean of the loss functions across all training
examples.

Loss functions in neural networks aid in improving the model’s performance.


They are typically employed to quantify a penalty the model imposes on its
predictions, such as the prediction’s departure from the label representing the
ground truth.

Loss functions and metrics varied slightly from one another as well. Loss
functions can provide data on the effectiveness of our model, but they may
not be directly relevant or simple to understand for humans. Metrics are useful
in this situation. Even though they may not be the best options for loss
functions since they may not be differentiable, metrics like accuracy are
considerably more useful for people to comprehend how well a neural network
performs.

Regarding the problems we encounter in the actual world, loss functions can
be broadly divided into classification and regression. Our task in classification
problems is to predict the respective probability of each class that the
challenge involves. The goal of regression, on the other hand, is to forecast
the continuous value for a given collection of independent features to the
learning algorithm.

Several Regression Loss Functions

The regression includes making a particular, continuous value prediction.


Regression examples include estimating home prices and forecasting stock
prices because they both aim to create models that can forecast real-valued
quantities.

Mean Absolute Error

The total absolute difference between the actual and projected variables is
calculated using MAE. The average size of mistakes in a group of projected
values is thus measured. While the absolute error is much more resistant to
outliers, the mean square error is simpler to address. Outlier values are ones
that significantly differ from other reported data points.

If the prediction and the ground truth were identical, the MAE would be zero,
which it never is. Given that you wish to reduce the inaccuracy in your
predictions, a regression problem might benefit from using this
straightforward loss function as one of your measurements.

MAE averages out the absolute disparities between the actual and anticipated
values. When a data point x i and its anticipated value yi are considered, where
n is the total number of data points in the collection

The mean absolute error ( Mathematical formula) is defined as follows:


Mean Squared Error

The average squared difference between the actual and model-predicted


values is measured by MSE(L2 error). A single number that corresponds to
a range of values is the output. Our goal is to lower MSE to increase the
model’s accuracy.

The mean squared error is the average of the squared discrepancies between
the actual and anticipated values. Models trained with mean squared error
have fewer outliers or at least less severe outliers than models trained with
mean absolute error because mean squared error prioritizes a large number of
little errors over a few large errors.

The mathematical formula is defined below:

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