Named Entity Recognition (NER) finds names like people, places, or organizations in text. The main metrics to check are Precision, Recall, and F1-score.
Precision tells us how many of the entities the model found are actually correct. This matters because we want to avoid wrong names.
Recall tells us how many of the real entities the model found. This matters because missing important names can be bad.
F1-score balances precision and recall to give one clear number showing overall quality.