Which metric is not used for evaluating classification models?
The four commonly used metrics for evaluating classifier performance are:
1. Accuracy: The proportion of correct predictions out of the total predictions.
2. Precision: The proportion of true positive predictions out of the total positive predictions (precision = true positives / (true positives + false positives)).
3. Recall (Sensitivity or True Positive Rate): The proportion of true positive predictions out of the total actual positive instances (recall = true positives / (true positives + false negatives)).
4. F1 Score: The harmonic mean of precision and recall, providing a balance between the two metrics (F1 score = 2 * ((precision * recall) / (precision + recall))).
Root Mean Squared Error (RMSE)and Mean Absolute Error (MAE) are metrics used to evaluate a Regression Model. These metrics tell us how accurate our predictions are and, what is the amount of deviation from the actual values.
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