When should I create a custom loss function?

Question

I'm using a neural network to solve a multi regression problem because I'm trying to predict continuous values. To be more specific, I'm making a tracking algorithm to track the position of an object, I'm trying to predict two values, the latitude and longitude of an object.

Now, to calculate the loss of the model, there are some common functions, like mean squared error or mean absolute error, etc., but I'm wondering if I can use some custom function, like this, to calculate the distance between the two longitude and latitude values, and then the loss would be the difference between the real distance (calculated from the real longitude and latitude) and the predicted distance (calculated from the predicted longitude and latitude). These are some thoughts from me, so I'm wondering if such an idea would make sense?

Would this work in my case better than using the mean squared error as a loss function?

I had another question in mind. In my case, I'm predicting two values (longitude and latitude), but is there a way to transform these two target values to only one value so that my neural network can learn better and faster? If yes, which method should I use? Should I calculate the summation of the two and make that as a new target? Does this make sense?

Answer 1

Using two value and using MSE is probably a better approach. I'd you combine the value to one value, like the case of summation, the network may fits to output 0 on one axis and the value on the other. The method you propose also have the same issue. There are many combination to the real distance, but only one is correct. For a neural network to learn faster, one value will not help it learn faster. Instead, accuracy is often increased if the predicted value is a one hot vector of labels instead of a single value. Hope this can help you.