Selecting a loss function in machine learning

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.

 

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