Glossary entry (derived from question below)
French term or phrase:
fonction de perte
English translation:
loss function
Added to glossary by
Neil Rear
Nov 30, 2005 10:03
20 yrs ago
French term
fonction de perte
"La Banque Centrale a une fonction de perte qui fait
intervenir le chômage et ses anticipations d’inflation, qui sont donc différentes de celles du secteur privé". (Part of a text on variations in long and short-term interest rates.)
intervenir le chômage et ses anticipations d’inflation, qui sont donc différentes de celles du secteur privé". (Part of a text on variations in long and short-term interest rates.)
Proposed translations
(English)
| 4 | loss function |
Matt Stott
|
| 3 | loss-making operation |
Leveleki
|
| 3 | loss adjustment mechanism |
S K
|
Proposed translations
25 mins
Selected
loss function
Basically it's an econometric model parameter which adjusts the model's results by a given proportion, from 0% to 100%, for the error in the results of the model in the previous period. For example, if the model estimated a value of 95 for the last period but the actual observation was 100, the loss function would adjust the model's estimate for the given period by five or a proportion thereof.
4 KudoZ points awarded for this answer.
Comment: "Great explanation, Matt! Tahnk you."
7 mins
loss-making operation
That is what the term would mean but I am not quite sure how it fits into this context.
5 hrs
loss adjustment mechanism
This may fit?


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