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In this unofficial part two of the object detection series, the video addresses the evaluation of bounding box predictions. The speaker discusses the importance of quantifying the accuracy of a predicted bounding box in comparison to a target bounding box for an object. The key metric introduced is Intersection over Union (IoU), which measures how well the predicted bounding box aligns with the target. The video will also demonstrate the implementation of this metric using PyTorch. The session begins with an introduction before diving into the details of IoU and its practical application in object detection.