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Subject: Special Topics - Machine Learning Assignment # 1 : Understanding Performance Metrics: Calculating Accuracy, Precision, Recall, and F 1 - score. Objective: The aim

Subject: Special Topics - Machine Learning
Assignment #1: Understanding Performance Metrics: Calculating Accuracy, Precision, Recall, and F1-score.
Objective:
The aim of this assignment is to provide students with hands-on experience in calculating key performance metrics: Accuracy, Precision, Recall, and F1-score-from a confusion matrix. Additionally, students will utilize Excel functions to automate the calculation process, enhancing their proficiency in both manual calculation and utilizing digital tools for analysis.
Assignment Tips:
Ensure a solid understanding of confusion matrices and the concepts of true positives, true negatives, false positives, and false negatives.
Familiarize yourself with the formulas for Accuracy, Precision, Recall, and F1-score and how they are derived from the confusion matrix.
Practice using Excel functions such as SUM, and AVG, to efficiently calculate the metrics.
Double-check your calculations and formula implementations to avoid errors.
Pay attention to the interpretation of each metric and understand their significance in evaluating classification model performance.
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Task 1: Understanding Confusion Matrices
Define a confusion matrix and explain its components.
Provide a hypothetical scenario where a confusion matrix would be utilized (e.g., diagnosing medical conditions).
Task 2: Manual Calculation of Metrics
Given the following confusion matrix values, manually calculate the Accuracy, Precision, Recall, and F1-score:
> True Positives (TP)=120
> True Negatives (TN)=80
> False Positives (FP)=20
> False Negatives (FN)=10
Task 3: Excel Implementation
Create an Excel spreadsheet to automate the calculation of Accuracy, Precision, Recall, and F1-score using formulas.
Input the values from the confusion matrix and ensure that the spreadsheet accurately calculates each metric.
Task 4: Interpretation
Interpret the calculated metrics in the context of the scenario provided.
Discuss the strengths and limitations of each metric and when they might be most useful.
Task 5: Real-world Application
Research and present a real-world example where these metrics are employed to evaluate the performance of a classification model.
Describe the scenario and explain how the metrics were utilized to assess the model's effectiveness.
Submission Guidelines:
Submit both a Word document and an Excel spreadsheet.
The Word document should contain detailed explanations, calculations, interpretations, and the real-world application.
The Excel spreadsheet should demonstrate the automated calculation of metrics using appropriate formulas.
Ensure clarity and organization in your submission.
Deadline: 11 May 2024
Grading Rubric:
Accuracy of manual calculations
Correct implementation of Excel functions
Depth of interpretation and analysis
Integration of real-world example
Adherence to submission guidelines
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