Which Loss function to use when:
Loss Function Name | When to use | Example |
Squared Loss | Useful for minimizing expectation in regression problems | What is the expected return on a particular stock? |
Classic Loss | Squared loss without weight | |
Quantile Loss | Regression problems | Predicting house price |
Hinge Loss | Classification problems for minimizing yes/no questions | Keyword_tag or not |
Log Loss | Classification problems. Probability is used a threshold for selecting output. | Probability on clicking on advertising. |