I read this link Bergstra-Bengio in which it is discussed why 60 parameters randomly chosen are enough.
But I do not fully understand the formula used
$$1−(1−0.05)n>0.95$$
$$n⩾60$$
I have read the paper of Bergstra and Bengio; but I have not found anything about that formula. Also, I was wondering if RandomSearch is only good for Neural Networks; as I am using RandomForest, XGBoost and SVM.
Thank you