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Which evaluation metrics are commonly used to assess the performance of sentiment analysis models?Question 1Answera.Mean Absolute Error (MAE)b.Mean Squared Error (MSE)c.Accuracyd.Precision

Question

Which evaluation metrics are commonly used to assess the performance of sentiment analysis models?Question 1Answera.Mean Absolute Error (MAE)b.Mean Squared Error (MSE)c.Accuracyd.Precision

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Solution

The performance of sentiment analysis models is commonly evaluated using the following metrics:

  1. Accuracy: This is the most intuitive performance measure. It is simply a ratio of correctly predicted observations to the total observations.

  2. Precision: Precision is the ratio of correctly predicted positive observations to the total predicted positive observations. High precision relates to the low false positive rate.

  3. Mean Absolute Error (MAE): This is the average of the absolute difference between the actual and predicted values. It gives an idea of how wrong the predictions were.

  4. Mean Squared Error (MSE): This is similar to MAE but noise is exaggerated and larger errors are "punished". It is the average of the squared difference between the actual and predicted values.

Note: While MAE and MSE are commonly used for regression problems, they can also be used in classification problems like sentiment analysis when the output is converted to numerical form.

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