In custom Named Entity Recognition (NER), the key metrics are Precision, Recall, and F1-score. These metrics tell us how well the model finds the correct entities and avoids mistakes.
Precision shows how many of the entities the model found are actually correct. This matters because we want to trust the entities the model highlights.
Recall shows how many of the real entities the model found. This matters because missing important entities can cause problems.
F1-score balances precision and recall, giving a single number to understand overall quality.