In statistics and decision theory, a frequently used loss function is the 0-1 loss function
where is the indicator notation.
Read more about this topic: Loss Function
Famous quotes containing the words loss and/or function:
“The greatest dangers have their allurements, if the want of success is likely to be attended with a degree of glory. Middling dangers are horrid, when the loss of reputation is the inevitable consequence of ill success.”
—Philip Dormer Stanhope, 4th Earl Chesterfield (1694–1773)
“Literature does not exist in a vacuum. Writers as such have a definite social function exactly proportional to their ability as writers. This is their main use.”
—Ezra Pound (1885–1972)