Precision
Positive Predictive Value
= TP/ (TP + FP)
Recall
True Positive Rate
Sensitivity
= TP/(TP+FN)
True Negative Rate
Specificity
= TN/(TN+FP)
Negative Predictive Value
= FN/(FN+TN)
Most relevant metric when goal is to minimize false negatives
Recall
Most relevant metric when goal is to minimize false positives
Precision