The paper presents a formula useful for prediction of loss density in soft magnetic materials, which takes into account multi-scale energy dissipation. A universal phenomenological P(Bm, f) relationship is used for loss prediction in chosen soft magnetic materials. A bootstrap method is used to generate additional data points, what makes it possible to increase the prediction accuracy. A substantial accuracy improvement for estimated model parameters is obtained in the case, when additional data points are taken into account. The proposed description could be useful both for device designers and researchers involved in computational electromagnetism.