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In this video tutorial, Shrini discusses the best method for evaluating semantic segmentation, specifically using the Intersection over Union (IoU) approach. He explains that semantic segmentation involves classifying individual pixels, rather than just classifying entire images (e.g., distinguishing between a cat and a dog). Shrini provides an example using a rock sample to illustrate this concept. He addresses the limitations of accuracy as a metric, especially in cases of class imbalance common in multi-class problems, highlighting that traditional accuracy measures may not effectively reflect performance when classes are imbalanced.