When using polynomial features, the main goal is to improve the model's ability to capture complex patterns. The key metrics to watch are training loss and validation loss. These tell us how well the model fits the training data and how well it generalizes to new data.
Polynomial features can cause the model to fit training data very well (low training loss), but if validation loss is high, it means the model is overfitting. So, tracking both losses helps us find the right polynomial degree.