Information Theoretic Metrics for Multi-Class Predictor Evaluation

The most common metrics used to evaluate a classifier are accuracy, precision, recall and F1 score.

These metrics are widely used in machine learning, information retrieval, and text analysis (e.g., text categorization).Each of these metrics is imperfect in some way (captures only one aspect of predictor performance and can be fooled by a weird data set).None of them can be used to compare predictors across different datasets.

In this talk we present an information-theoretic performance metric which does not suffer from the aforementioned flaws and can be used in both classification (binary and multi-class) and categorization (each example can be placed in several categories) settings.
The code to compute the metric is available under the Apache open-source license:
https://github.com/Magnetic/proficiency-metric

This video was recorded at the NYC Machine Learning meetup at Pivotal Labs.