Summary of the 2015 article "The Precision-Recall Plot Is More Informative than the ROC Plot When Evaluating Binary Classifiers on Imbalanced Datasets" by Saito and Hemsmeier.
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Inspired by a podcast episode by Linear Digressions, which talks about what AUC is and what it is not and why you need well calibrated models if you want to treat their outputs as probabilities.
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There are multiple ways to measure your model's performance in machine learning, depending upon what objectives you have in mind. Some of the most important are Accuracy, Precision, Recall, F1 and AUC.
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