Statistics | Loss functions in regression

Let’s kick off by first understanding what exactly is a loss function. A loss function is a magic wand that converts theoretical concepts into practical reality. Loss function helps us identify and understand the efficiency of a statistical function / model by estimating the variation of predicted value from true value across multiple iterations. Let us imagine that you have to meet your friend and you want to travel from Hebbal to Electronic city (for people who are not heard these names before, well you have never seen real road traffic in your life — go ahead and google ‘silk board’ to learn more). Here are the things that you would actually consider. <a href="https://medium.com/@tom-.-me/statistics-loss-functions-in-regression-f33876a4b666">Click Here</a>