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This video introduces Conditional Random Fields, discussing their classification model and design intuition. Equations for classification and parameter training are explained. Different classification techniques like HMMs, Naive Bayes, Logistic Regression, and CRFs are compared in terms of label type they provide. Naive Bayes and Logistic Regression offer a single label for a text instance, while HMMs and CRFs focus on categorizing different types of labels.