precision and recall
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Note
Precision
- High fraction of TP within what the model labels as positive class:
- *bank wants to give a loan ONLY to those who certainly will return it, even if this number is small and excludes some people who also will return the money *
- ==low precision = wasting resources (processing irrelevant content)==
Recall
- Powerful “coverage” of the positive class:
- same as true positive rate
- bank wants to find all clients who will return the loan, indifferent to those who won’t be able to return it
- ==low recall = missing important information==
- See also Precision@k and Recall@k at different cut-off points K
- for object retrieval: Metrics
- for retrieval evaluation
- ==In practice it is good to track evolution of metrics for various : 1, 10, 50, 1000…==
Resources
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