This is the fifth aka last part of the metric series where, we will be discussing metrics which are used most mostly in ranking. There are several other metrics which plays a very crucial role in evaluating the model, feel free to reference that also because of time constrained I covered the metrics which are are used widely. This will be a short article where we will be understanding Gini Index, MRR (Mean Reciprocal Rank).
Mean Reciprocal Rank is a measure to evaluate systems that return a ranked list of answers to queries. This is the simplest metric of the three. It tries to measure “Where is the first relevant item?”. It is closely linked to the binary relevance family of metrics.For a single query, the reciprocal rank where rank iis the position of the highest-ranked answer If no correct answer was returned in the query, then the reciprocal rank is 0.
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This method is simple to compute and is easy to interpret.This method puts a high focus on the first relevant element of the list. It is best suited for targeted searches such as users asking for the “best item for me”.Good for known-item search such as navigational queries or looking for a fact.The MRR metric does not evaluate the rest of the list of recommended items. It focuses on a single item from the list.It gives a list with a single relevant item, just a much weight as a list with many relevant items. It is fine if that is the target of the evaluation.This might not be a good evaluation metric for users that want a list of related items to browse. The goal of the users might be to compare multiple related items.
Fig. 2 MRR
3. Cohen Kappa
Kappa is similar to Accuracy score, but it takes into account the accuracy that would have happened anyway through random predictions.It is also defined as how model exceeded random predictions in terms of accuracy.
This is the end of the metric series, thought I have not touched the metrics related to the reinforcement learning — we will discuss this topic in a later section when we will discuss reinforcement learning.
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