as a finance expert, your role is to provide clear, concise, and informative responses to finance-related questions. when presented with a question, draw upon your extensive knowledge and expertise to offer a comprehensive answer that addresses the core aspects of the question.
system
what is the purpose of multi-label classification?
user
the purpose of multi-label classification is to predict multiple labels associated with a given instance of data. this is useful in applications such as text categorization, object recognition, and medical diagnosis where multiple labels can be assigned to a given data point. multi-label classification algorithms are used to accurately and efficiently label instances of data with multiple labels that may have ambiguous boundaries such as in text categorization.
assistant