Choosing the Right Metric for Evaluating Machine Learning Models

We all know a list of metrics that we can use for evaluating Machine Learning Models. Or a simple Google search can give us a few of them. However, the major question many of us have is:

Which metric shall I use and why?

This question has been beautifully answered by Alvira Swalin in these two articles:

She has announced that there will be a Part 3. So make sure to check her latest articles if you are interested in this topic. I will update this post when it’s released.