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For me, choice between absolute errors (implemented now) and relative errors (described above) seems enough to cover a wide range of scenarios. One could consider other norms than euclidean, but that would rather seem to be a technical variation without much added practical value. Well, maybe max norm (\max(...) instead of \sum((...)^2).
Possible loss metrics include:
please comment if there are any other loss metrics that you would want to include
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