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This video introduces Conditional Random Fields (CRFs) and discusses how they compare to other classification models. The tutorial provides intuition behind the design of CRFs and covers the equations used for classification and parameter training. Previous classification techniques learned in the module include Hidden Markov Models (HMMs), Naive Bayes, and Logistic Regression. CRFs are commonly used in natural language processing for categorizing different types of classification techniques. Important distinctions between approaches include the type of label they provide, with Naive Bayes and Logistic Regression offering single labels for cohesive text instances, while HMMs and CRFs have different design principles.