A satisficing metric only has to be good enough by meeting a chosen value. For example, if running in 100ms is acceptable, then running time can be used as a satisficing metric that should take at most 100ms.

Satisficing Metric

An optimizing metric is the evaluation metric to optimize after the satisficing metric criteria have been set. In the passage's classifier example, accuracy is the optimizing metric when accuracy is maximized subject to meeting the running time criterion.

Optimizing Metric

When trading off N different criteria, such as a model's binary file size, running time, and accuracy, one approach is to set N-1 criteria as satisficing metrics that must meet certain values, and define the final criterion as the optimizing metric. For example, one can set acceptable thresholds for binary file size and running time, then optimize accuracy given those constraints.

Choosing N-1 Satisficing Metrics and One Optimizing Metric

For a hardware device that uses a microphone to listen for a particular wakeword, both false positive rate and false negative rate matter. One reasonable performance goal is to minimize the false negative rate as the optimizing metric, subject to no more than one false positive every 24 hours of operation as the satisficing metric.

Wake Word Detection as Optimizing and Satisficing Example

Once a team is aligned on the evaluation metric to optimize, they will be able to make faster progress.

Team Alignment on Evaluation Metric Speeds Progress

When multiple evaluation metrics matter, such as accuracy and running time of a learning algorithm, one way to combine them is to define an acceptable value for one metric and then optimize another metric subject to meeting that criterion. In the passage's example, running time is the satisficing metric and accuracy is the optimizing metric.

Google

Machine learning is a field that studies how computer systems can utilize experience—typically in the form of data—to improve their performance on specific tasks. It integrates principles from statistics, data mining, and optimization, and is frequently employed as a primary method for implementing artificial intelligence solutions.

Machine Learning

Machine Learning Yearning, a free ebook from Andrew Ng, teaches you how to structure Machine Learning projects.
https://www.deeplearning.ai/machine-learning-yearning/

Note: The content of the book is aligned with the Coursera Deeplearning.ai specialization.  https://www.deeplearning.ai/deep-learning-specialization/ 

Machine Learning Yearning (Deeplearning.ai)

Representational learning is a class of machine learning that focuses on automatically discovering the most appropriate way to represent data. By learning these representations directly from the data, it eliminates the need for manual feature engineering and allows models to effectively process and understand complex inputs.

Representational Learning

Supervised learning learns a function mapping inputs x to outputs y using labeled training examples (x,y). Linear regression, logistic regression, and neural networks are examples of supervised learning algorithms.

Supervised Learning

Kaggle is a popular online platform that hosts machine learning competitions. Each competition centers on a specific dataset, and many are sponsored by stakeholders who offer prizes for the winning solutions. The platform enables direct quantitative comparisons of competing approaches and fosters collaboration by allowing users to interact via forums and share code.

Kaggle Platform

Combining classical machine learning and deep learning within predictive analytics platforms enables users to forecast future trends and behaviors with high precision. These data-driven insights accelerate time-to-value across industries by optimizing courses of action and reducing margins of error, effectively replacing retrospective interpretations with forward-looking decision-making.

Predictive Analytics for Accelerated Decision-Making

A development set, sometimes called a hold-out cross validation set, is used to tune parameters, select features, and make other decisions about the learning algorithm.

Development Set (Dev Set)

A test set is used to evaluate algorithm performance, but not to make decisions about which learning algorithm or parameters to use.

Test Set

Optimizing and Satisficing Metrics

For a new machine learning problem, it is very difficult to know in advance which approach will work best. Even experienced machine learning researchers usually try out many dozens of ideas before they discover something satisfactory.

Difficulty of Knowing the Best ML Approach in Advance

Machine learning is a highly iterative process. When building a machine learning system, the author often follows a loop: start with an idea about how to build the system, implement the idea in code, and carry out an experiment that tells how well the idea worked. Based on what is learned, generate more ideas and keep iterating; many dozens of ideas may be tried before finding one that is satisfactory.

Iterative Loop of Machine Learning Development

There are two major sources of error in machine learning: bias and variance. Understanding them helps decide whether adding data and other tactics to improve performance are a good use of time.

Bias and Variance as Two Major Sources of Error

End-to-end deep learning can directly learn outputs that are more complex than a number. With the right labeled input-output pairs, end-to-end learning can sometimes learn outputs such as a sentence, an image, audio, or other outputs richer than a single number.

End-to-End Learning

A pipeline may be flawed if the overall system falls far short of human-level performance even though each individual component is at or near human-level performance given its inputs. This suggests that the pipeline is missing information and should be redesigned.

Machine Learning Pipeline System

Sentiment classification is the problem of recognizing whether text expresses a positive or negative opinion, such as whether an online product review says the writer liked or disliked the product.

Sentiment Classification

Machine learning strategy is the practice of choosing useful directions for improving a machine learning application. It uses clues from the problem to decide what is useful to try and what is not useful to try.

Machine Learning Strategy

Recent progress in deep learning has been driven by data availability and computational scale.

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