For retrieval strategies like similarity search, Maximal Marginal Relevance (MMR), and hybrid methods, the key metrics are Precision, Recall, and F1-score. These metrics tell us how well the system finds relevant items (Recall) and how accurate those found items are (Precision). Since retrieval aims to balance finding many relevant results without too many irrelevant ones, F1-score helps combine both.
Additionally, metrics like Mean Average Precision (MAP) and Normalized Discounted Cumulative Gain (NDCG) are important because they consider the order of retrieved items, rewarding systems that rank relevant items higher.