The Standard Model groups matter particles into three generations, where each generation consists of two quarks and two leptons. The first generation is the up and down quarks, the electron and the electron neutrino; the second includes the charm and strange quarks, the muon and the muon neutrino; the third generation consists of the top and bottom quarks and the tau and tau neutrino. The most natural explanation for this would be that quarks and leptons of higher generations are excited states of the first generations. If this turns out to be the case, it would imply that quarks and leptons are composite particles, rather than elementary particles.
What model has two generations?