Moderation Team
Cost function is a function that measures the performance of a Machine Learning model for given data. Cost Function quantifies the error between predicted values and expected values and presents it in the form of a single real number. Depending on the problem Cost Function can be formed in many different ways. The purpose of Cost Function is to be either:
- Minimized – then returned value is usually called cost, loss or error. The goal is to find the values of model parameters for which Cost Function return as small number as possible.
- Maximized – then the value it yields is named a reward. The goal is to find values of model parameters for which returned number is as large as possible.
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