For document similarity ranking, the key metrics are Mean Reciprocal Rank (MRR), Precision@k, and Recall@k. These metrics measure how well the model ranks relevant documents near the top of the list.
MRR tells us how quickly the first relevant document appears in the ranked list. A higher MRR means users find what they want faster.
Precision@k measures the fraction of relevant documents in the top k results. It shows how accurate the top results are.
Recall@k measures how many of all relevant documents appear in the top k. It shows how complete the top results are.
These metrics matter because users usually look at only the first few results. Good ranking means relevant documents appear early.