Faster R-CNN is used for object detection. The key metric is mean Average Precision (mAP). It measures how well the model finds objects and how accurate the bounding boxes are. mAP combines precision and recall over different object classes and detection thresholds. This helps us know if the model finds most objects (high recall) and if the found objects are correct (high precision).
Other useful metrics include Precision and Recall for each class, and Intersection over Union (IoU) to check how close predicted boxes are to real boxes.