Cost
(Redirected from Loss)
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See: Cost Function; Cost-Benefit Function; Cost-Benefit Analysis; Cost-Utility Analysis; Utility; Loss; Benefit.
References
2011
- (Sammut & Webb, 2011) ⇒ Claude Sammut (editor), and Geoffrey I. Webb (editor). (2011). “Cost.” In: (Sammut & Webb, 2011) p.231
1998
- (Kohavi & Provost, 1998) ⇒ Ron Kohavi, and Foster Provost. (1998). “Glossary of Terms.” In: Machine Leanring 30(2-3).
- Cost (utility/loss/payoff): A measurement of the cost to the performance task (and/or benefit) of making a prediction Y' when the actual label is y. The use of accuracy to evaluate a model assumes uniform costs of errors and uniform benefits of correct classifications.