Model capacity refers to the ability of a machine learning model to fit a variety of functions or patterns in data. It is crucial because a model with high capacity can learn complex patterns, but it may also lead to overfitting, while a model with low capacity may underfit and fail to capture the underlying structure of the data. Understanding model capacity helps in balancing the trade-off between fitting the training data well and generalizing to unseen data.
congrats on reading the definition of model capacity. now let's actually learn it.