Usually means: Measures discrepancy between prediction, reality.
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We found 6 dictionaries that define the word loss function:

General (4 matching dictionaries)
  1. loss function: Wiktionary
  2. loss function: Infoplease Dictionary
  3. loss function: Dictionary.com
  4. Loss function: Wikipedia, the Free Encyclopedia

Business (1 matching dictionary)
  1. loss function: Glossary of research economics

Computing (1 matching dictionary)
  1. loss function: Encyclopedia

Definitions from Wiktionary (loss function)

noun:  (mathematics) A function which expresses numerically the loss produced by a decision or other event.

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