A loss function specifies a penalty for an incorrect estimate from a statistical model. Typical loss functions might specify the penalty as a function of the difference between the estimate and the true value, or simply as a binary value depending on whether the estimate is accurate within a certain range.
Glossary
Loss Function
Test Yourself
Planning on taking an introductory statistics course, but not sure if you need to start at the beginning? Review the course description for each of our introductory statistics courses and estimate which best matches your level, then take the self test for that course. If you get all or almost all the questions correct, move on and take the next test.
Stay Informed
Our Blog
Read up on our latest blogs
Certificates
Learn about our certificate programs
Courses
Find the right course for you
Contact Us
We'd love to answer your questions
Our mentors and academic advisors are standing by to help guide you towards the courses or program that makes the most sense for you and your goals.
300 W Main St STE 301, Charlottesville, VA 22903