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
provide an example of a binary classification model
user
a binary classification model is a supervised learning model that predicts the value of a binary target variable. for example, a binary classification model could be used to predict whether a customer will buy a product or not, or whether an email is spam or not. the model is trained using labeled input data, and the output is typically a probability.
assistant