paper-with-me

홈 › Papers

Evaluating Large Language Models on Financial Report Summarization: An Empirical Study

2024-11-11 · Xinqi Yang, Scott Zang, Yong Ren, Dingjie Peng, Zheng Wen

In recent years, Large Language Models (LLMs) have demonstrated remarkable versatility across various applications, including natural language understanding, domain-specific knowledge tasks, etc. However, applying LLMs to complex, high-stakes domains like finance requires rigorous evaluation to ensure reliability, accuracy, and compliance with industry standards. To address this need, we conduct a comprehensive and comparative study on three state-of-the-art LLMs, GLM-4, Mistral-NeMo, and LLaMA3.1, focusing on their effectiveness in generating automated financial reports. Our primary motivation is to explore how these models can be harnessed within finance, a field demanding precision, contextual relevance, and robustness against erroneous or misleading information. By examining each model's capabilities, we aim to provide an insightful assessment of their strengths and limitations. Our paper offers benchmarks for financial report analysis, encompassing proposed metrics such as ROUGE-1, BERT Score, and LLM Score. We introduce an innovative evaluation framework that integrates both quantitative metrics (e.g., precision, recall) and qualitative analyses (e.g., contextual fit, consistency) to provide a holistic view of each model's output quality. Additionally, we make our financial dataset publicly available, inviting researchers and practitioners to leverage, scrutinize, and enhance our findings through broader community engagement and collaborative improvement. Our dataset is available on huggingface.

📄 PDF Abstract BibTeX arXiv:2411.06852

Code (0)

등록된 구현이 없습니다.

Tasks

Natural Language Understanding

Methods 이 논문이 사용한 방법론

Refunds@Expedia|||How do I get a full refund from Expedia? “How do I get a full refund from Expedia? How do I get a full refund from Expedia? – Call ☎️ +1-(888) 829 (0881) or +1-805-330-4056 or +1-805-330-4056 for Quick Help &…
Attention 설명 없음
Linear Layer A Linear Layer is a projection $\mathbf{XW + b}$.
Dropout Dropout is a regularization technique for neural networks that drops a unit (along with connections) at training time with a specified probability $p$ (a common value is…
Linear Warmup With Linear Decay Linear Warmup With Linear Decay is a learning rate schedule in which we increase the learning rate linearly for $n$ updates and then linearly decay afterwards.
WordPiece 설명 없음
Dense Connections Dense Connections, or Fully Connected Connections, are a type of layer in a deep neural network that use a linear operation where every input is connected to every output…
Layer Normalization Unlike batch normalization, Layer Normalization directly estimates the normalization statistics from the summed inputs…

Similar Papers 제목 키워드 기반

Characterizing Multimodal Long-form Summarization: A Case Study on Financial Reports

2024-04-09 · Tianyu Cao, Natraj Raman, Danial Dervovic, Chenhao Tan

As large language models (LLMs) expand the power of natural language processing to handle long inputs, rigorous and systematic analyses are necessary to understand their abilities and behavior. A salient application is s…

FormHallucinationPositionPrompt Engineering

Extractive and Abstractive Summarization Methods for Financial Narrative Summarization in English, Spanish and Greek

2022-06-01 · FNP (LREC) 2022 6 · Alejandro Vaca, Alba Segurado, David Betancur, Álvaro Barbero Jiménez

This paper describes the three summarization systems submitted to the Financial Narrative Summarization Shared Task (FNS-2022). We developed a task-specific extractive summarization method for the reports in English. It …

Abstractive Text SummarizationDecoderExtractive SummarizationSentence+1

Towards Human-Free Automatic Quality Evaluation of German Summarization

2021-05-13 · Neslihan Iskender, Oleg Vasilyev, Tim Polzehl, John Bohannon 외

Evaluating large summarization corpora using humans has proven to be expensive from both the organizational and the financial perspective. Therefore, many automatic evaluation metrics have been developed to measure the s…

InformativenessLanguage ModelingLanguage Modelling

DiMSum: Distributed and Multilingual Summarization of Financial Narratives

2022-06-01 · FNP (LREC) 2022 6 · Neelesh Shukla, Amit Vaid, Raghu Katikeri, Sangeeth Keeriyadath 외

This paper was submitted for Financial Narrative Summarization (FNS) task in FNP-2022 workshop. The objective of the task was to generate not more than 1000 words summaries for the annual financial reports written in Eng…

Document AIDocument SummarizationExtractive Document Summarization

AMEX AI-Labs: An Investigative Study on Extractive Summarization of Financial Documents

2020-12-01 · FNP (COLING) 2020 12 · Piyush Arora, Priya Radhakrishnan

We describe the work carried out by AMEX AI-LABS on an extractive summarization benchmark task focused on Financial Narratives Summarization (FNS). This task focuses on summarizing annual financial reports which poses tw…

Document SummarizationExtractive Summarization