What metrics would you use to evaluate the performance of a classification model?

Instruction: Discuss at least three different metrics and when they are most appropriately used.

Context: This question assesses the candidate's understanding of model evaluation and their ability to select appropriate metrics based on the problem context.

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I would choose metrics based on the error costs of the actual problem rather than treating one metric as universally best. If the classes are balanced and the cost of each mistake is similar, accuracy might be fine as one view. But in...

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