Well, this is an extension of my answer on recall at: https://stackoverflow.com/a/63120204/6907424. First read about precision here and than go to read recall. Here I am only explaining Precision using the same example:
ExampleNo Ground-truth Model's Prediction
0 Cat Cat
1 Cat Dog
2 Cat Cat
3 Dog Cat
4 Dog Dog
For now I am calculating precision for Cat. So Cat is our Positive Class and the rest of the classes (Here Dog only) are the Negative Classes. Precision means what the percentage of positive detection was actually positive. So here for Cat there are 3 detection by the model. But are all of them correct? No! Out of them only 2 are correct (in example 0 and 2) and another is wrong (in example 3). So the percentage of correct detection is 2 out of 3 which is (2 / 3) * 100 = 66.67%
.
Now coming to the formulation, here:
TP (True positive): Predicting something positive when it is actually positive. If cat is our positive example then predicting something a cat when it is actually a cat.
FP (False positive): Predicting something as positive but which is not actually positive, i.e, saying something positive "falsely".
Now the number of correct detection of a certain class is the number of TP of that class. But apart from them the model also predicted some other examples as positives but which were not actually positives and so these are the false positives (FP). So irrespective of correct or wrong the total number of positive class detected by the model is TP + FP
. So the percentage of correct detection of positive class among all detection of that class will be: TP / (TP + FP)
which is the precision of the detection of that class.
Like recall we can also generalize this formula for any number of classes. Just take one class at a time and consider it as the positive class and the rest of the classes as negative classes and continue the same process for all of the classes to calculate precision for each of them.
You can calculate precision and recall in another way (basically the other way of thinking the same formulae). Say for Cat, first count the number of examples having Cat in both Ground-truth and Model's prediction (i.e, the number of TP). Therefore if you are calculating precision then divide this count with the number of "Cat"s in the Model's Prediction. Otherwise for recall divide with the number of "Cat"s in the Ground-truth. This works as the same as the formulae of precision and recall. If you can't understand why then you should think for a while and review what actually TP, FP, TN and FN means.