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What is Loss Function?

Loss Function: It is used to estimate the gap/difference between predicted and desired value.

Types of Loss Function:

Regression: To estimate the quantity of an event

Ex: to estimate the quantity of rain

To calculate we use MSE (Mean Square Error)


Classification: To estimate the chance of occurrences of an event

Ex: the probability of rain.

To calculate we use CEL (Cross-Entropy Loss)


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