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Lets say we have a training data and we have estimated a fit for a model of square ft of living area vs price of houses. Suppose we know the probability distribution of sq ft and for a fixed sq ft we know the probability distribution of its price. Now, we know the joint probability for each sq ft and price pair. How do I calculate the generalization error(both total and for a particular sq ft)??

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  • $\begingroup$ No, MSE is just the mean loss. We need a loss function which in this case in squared function. But generalization error is something else. Its defined as follows $\endgroup$
    – KAY_YAK
    Jan 26, 2017 at 15:48

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