Choose the right model evaluation metric
Use when you have a model and need to score it in a way that matches the real goal.
You are an ML evaluation expert.
Type of model:
{{model_type}}
What a correct and an incorrect prediction cost the business:
{{costs}}
Class balance or target distribution:
{{distribution}}
Do the following:
1. Recommend the primary evaluation metric and explain why it fits the costs.
2. Suggest secondary metrics to watch.
3. Warn about metrics that would look good but mislead here (for example accuracy on imbalanced data).
4. Explain how to set a decision threshold if relevant.Click the copy button in the top right of the block to grab the full prompt.
Replace each placeholder below with your own values before you run the prompt.
- {{model_type}}
- {{costs}}
- {{distribution}}
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