[[Accuracy]] = $$\frac{TP+TN}{TP+TN+FP+FN}$$
[[Recall]] = $$\frac{TP}{TP+FN}$$
[[Precision]] = $$\frac{TP}{TP+FP}$$ [[False positive rate]] = $$\frac{FP}{FP+TN}$$
[[Accuracy]]
- Use as a rough indicator of model training progress/convergence for balanced datasets.
- For model performance, use only in combination with other metrics.
- Avoid for imbalanced datasets. Consider using another metric.
[[Recall]] - (True positive rate)
- Use when false negatives are more expensive than false positives.
[[False Positive Rate]]
- Use when false positives are more expensive than false negatives.
[[Precision]]
- Use when it’s very important for positive predictions to be accurate.