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A Machine Learning model is a trained algorithmic artifact whose internal configuration parameters were optimized against an objective loss function on historical data, evaluated specifically on its ability to generalize to unseen data.
“Memorizing the exact answers to last year’s exam versus understanding the principles so you can solve completely new exam questions.”
Model balances capacity and regularization. Accurately captures signal while ignoring random noise. Low train error and low test error.
// Generalization Error = Test Loss - Training LossEvaluating a model on data it already saw during training (data leakage), producing artificially inflated accuracy scores.