pwc-archive/papers-with-abstracts huggingface dataset:
Generating drawdown-realistic financial price paths using path signatures
Authors: Emiel Lemahieu, Kris Boudt, Maarten Wyns
Date: 2023-09-08 00:00:00

A novel generative machine learning approach for the simulation of sequences of financial price data with drawdowns quantifiably close to empirical data is introduced. Applications such as pricing drawdown insurance options or developing portfolio drawdown control strategies call for a host of drawdown-realistic paths. Historical scenarios may be insufficient to effectively train and backtest the strategy, while standard parametric Monte Carlo does not adequately preserve drawdowns. We advocate a non-parametric Monte Carlo approach combining a variational autoencoder generative model with a drawdown reconstruction loss function. To overcome issues of numerical complexity and non-differentiability, we approximate drawdown as a linear function of the moments of the path, known in the literature as path signatures. We prove the required regularity of drawdown function and consistency of the approximation. Furthermore, we obtain close numerical approximations using linear regression for fractional Brownian and empirical data. We argue that linear combinations of the moments of a path yield a mathematically non-trivial smoothing of the drawdown function, which gives one leeway to simulate drawdown-realistic price paths by including drawdown evaluation metrics in the learning objective. We conclude with numerical experiments on mixed equity, bond, real estate and commodity portfolios and obtain a host of drawdown-realistic paths.
COVID-19 Detection System: A Comparative Analysis of System Performance Based on Acoustic Features of Cough Audio Signals
Authors: Asmaa Shati, Ghulam Mubashar Hassan, Amitava Datta
Date: 2023-09-08 00:00:00

A wide range of respiratory diseases, such as cold and flu, asthma, and COVID-19, affect people's daily lives worldwide. In medical practice, respiratory sounds are widely used in medical services to diagnose various respiratory illnesses and lung disorders. The traditional diagnosis of such sounds requires specialized knowledge, which can be costly and reliant on human expertise. Despite this, recent advancements, such as cough audio recordings, have emerged as a means to automate the detection of respiratory conditions. Therefore, this research aims to explore various acoustic features that enhance the performance of machine learning (ML) models in detecting COVID-19 from cough signals. It investigates the efficacy of three feature extraction techniques, including Mel Frequency Cepstral Coefficients (MFCC), Chroma, and Spectral Contrast features, when applied to two machine learning algorithms, Support Vector Machine (SVM) and Multilayer Perceptron (MLP), and therefore proposes an efficient CovCepNet detection system. The proposed system provides a practical solution and demonstrates state-of-the-art classification performance, with an AUC of 0.843 on the COUGHVID dataset and 0.953 on the Virufy dataset for COVID-19 detection from cough audio signals.
Weighted Unsupervised Domain Adaptation Considering Geometry Features and Engineering Performance of 3D Design Data
Authors: Seungyeon Shin, Namwoo Kang
Date: 2023-09-08 00:00:00
Tasks: Domain Adaptation, Unsupervised Domain Adaptation

The product design process in manufacturing involves iterative design modeling and analysis to achieve the target engineering performance, but such an iterative process is time consuming and computationally expensive. Recently, deep learning-based engineering performance prediction models have been proposed to accelerate design optimization. However, they only guarantee predictions on training data and may be inaccurate when applied to new domain data. In particular, 3D design data have complex features, which means domains with various distributions exist. Thus, the utilization of deep learning has limitations due to the heavy data collection and training burdens. We propose a bi-weighted unsupervised domain adaptation approach that considers the geometry features and engineering performance of 3D design data. It is specialized for deep learning-based engineering performance predictions. Domain-invariant features can be extracted through an adversarial training strategy by using hypothesis discrepancy, and a multi-output regression task can be performed with the extracted features to predict the engineering performance. In particular, we present a source instance weighting method suitable for 3D design data to avoid negative transfers. The developed bi-weighting strategy based on the geometry features and engineering performance of engineering structures is incorporated into the training process. The proposed model is tested on a wheel impact analysis problem to predict the magnitude of the maximum von Mises stress and the corresponding location of 3D road wheels. This mechanism can reduce the target risk for unlabeled target domains on the basis of weighted multi-source domain knowledge and can efficiently replace conventional finite element analysis.
Creating a Systematic ESG (Environmental Social Governance) Scoring System Using Social Network Analysis and Machine Learning for More Sustainable Company Practices
Authors: Aarav Patel, Peter Gloor
Date: 2023-09-07 00:00:00

Environmental Social Governance (ESG) is a widely used metric that measures the sustainability of a company practices. Currently, ESG is determined using self-reported corporate filings, which allows companies to portray themselves in an artificially positive light. As a result, ESG evaluation is subjective and inconsistent across raters, giving executives mixed signals on what to improve. This project aims to create a data-driven ESG evaluation system that can provide better guidance and more systemized scores by incorporating social sentiment. Social sentiment allows for more balanced perspectives which directly highlight public opinion, helping companies create more focused and impactful initiatives. To build this, Python web scrapers were developed to collect data from Wikipedia, Twitter, LinkedIn, and Google News for the S&P 500 companies. Data was then cleaned and passed through NLP algorithms to obtain sentiment scores for ESG subcategories. Using these features, machine-learning algorithms were trained and calibrated to S&P Global ESG Ratings to test their predictive capabilities. The Random-Forest model was the strongest model with a mean absolute error of 13.4% and a correlation of 26.1% (p-value 0.0372), showing encouraging results. Overall, measuring ESG social sentiment across sub-categories can help executives focus efforts on areas people care about most. Furthermore, this data-driven methodology can provide ratings for companies without coverage, allowing more socially responsible firms to thrive.
MAmmoTH: Building Math Generalist Models through Hybrid Instruction Tuning
Authors: Xiang Yue, Xingwei Qu, Ge Zhang, Yao Fu, Wenhao Huang, Huan Sun, Yu Su, Wenhu Chen
Date: 2023-09-11 00:00:00
Tasks: Math, Mathematical Reasoning

We introduce MAmmoTH, a series of open-source large language models (LLMs) specifically tailored for general math problem-solving. The MAmmoTH models are trained on MathInstruct, our meticulously curated instruction tuning dataset. MathInstruct is compiled from 13 math datasets with intermediate rationales, six of which have rationales newly curated by us. It presents a unique hybrid of chain-of-thought (CoT) and program-of-thought (PoT) rationales, and also ensures extensive coverage of diverse fields in math. The hybrid of CoT and PoT not only unleashes the potential of tool use but also allows different thought processes for different math problems. As a result, the MAmmoTH series substantially outperform existing open-source models on nine mathematical reasoning datasets across all scales with an average accuracy gain between 16% and 32%. Remarkably, our MAmmoTH-7B model reaches 33% on MATH (a competition-level dataset), which exceeds the best open-source 7B model (WizardMath) by 23%, and the MAmmoTH-34B model achieves 44% accuracy on MATH, even surpassing GPT-4's CoT result. Our work underscores the importance of diverse problem coverage and the use of hybrid rationales in developing superior math generalist models.
Effective Proxy for Human Labeling: Ensemble Disagreement Scores in Large Language Models for Industrial NLP
Authors: Wei Du, Laksh Advani, Yashmeet Gambhir, Daniel J Perry, Prashant Shiralkar, Zhengzheng Xing, Aaron Colak
Date: 2023-09-11 00:00:00
Tasks: Keyphrase Extraction

Large language models (LLMs) have demonstrated significant capability to generalize across a large number of NLP tasks. For industry applications, it is imperative to assess the performance of the LLM on unlabeled production data from time to time to validate for a real-world setting. Human labeling to assess model error requires considerable expense and time delay. Here we demonstrate that ensemble disagreement scores work well as a proxy for human labeling for language models in zero-shot, few-shot, and fine-tuned settings, per our evaluation on keyphrase extraction (KPE) task. We measure fidelity of the results by comparing to true error measured from human labeled ground truth. We contrast with the alternative of using another LLM as a source of machine labels, or silver labels. Results across various languages and domains show disagreement scores provide a better estimation of model performance with mean average error (MAE) as low as 0.4% and on average 13.8% better than using silver labels.
Incorporating Pre-trained Model Prompting in Multimodal Stock Volume Movement Prediction
Authors: Ruibo Chen, Zhiyuan Zhang, Yi Liu, Ruihan Bao, Keiko Harimoto, Xu sun
Date: 2023-09-11 00:00:00
Tasks: Prompt Learning, Time Series

Multimodal stock trading volume movement prediction with stock-related news is one of the fundamental problems in the financial area. Existing multimodal works that train models from scratch face the problem of lacking universal knowledge when modeling financial news. In addition, the models ability may be limited by the lack of domain-related knowledge due to insufficient data in the datasets. To handle this issue, we propose the Prompt-based MUltimodal Stock volumE prediction model (ProMUSE) to process text and time series modalities. We use pre-trained language models for better comprehension of financial news and adopt prompt learning methods to leverage their capability in universal knowledge to model textual information. Besides, simply fusing two modalities can cause harm to the unimodal representations. Thus, we propose a novel cross-modality contrastive alignment while reserving the unimodal heads beside the fusion head to mitigate this problem. Extensive experiments demonstrate that our proposed ProMUSE outperforms existing baselines. Comprehensive analyses further validate the effectiveness of our architecture compared to potential variants and learning mechanisms.
Long-Range Transformer Architectures for Document Understanding
Authors: Thibault Douzon, Stefan Duffner, Christophe Garcia, Jérémy Espinas
Date: 2023-09-11 00:00:00
Tasks: document understanding, Information Retrieval, Natural Language Understanding, Retrieval

Since their release, Transformers have revolutionized many fields from Natural Language Understanding to Computer Vision. Document Understanding (DU) was not left behind with first Transformer based models for DU dating from late 2019. However, the computational complexity of the self-attention operation limits their capabilities to small sequences. In this paper we explore multiple strategies to apply Transformer based models to long multi-page documents. We introduce 2 new multi-modal (text + layout) long-range models for DU. They are based on efficient implementations of Transformers for long sequences. Long-range models can process whole documents at once effectively and are less impaired by the document's length. We compare them to LayoutLM, a classical Transformer adapted for DU and pre-trained on millions of documents. We further propose 2D relative attention bias to guide self-attention towards relevant tokens without harming model efficiency. We observe improvements on multi-page business documents on Information Retrieval for a small performance cost on smaller sequences. Relative 2D attention revealed to be effective on dense text for both normal and long-range models.
Personality Detection and Analysis using Twitter Data
Authors: Abhilash Datta, Souvic Chakraborty, Animesh Mukherjee
Date: 2023-09-11 00:00:00
Tasks: Marketing

Personality types are important in various fields as they hold relevant information about the characteristics of a human being in an explainable format. They are often good predictors of a person's behaviors in a particular environment and have applications ranging from candidate selection to marketing and mental health. Recently automatic detection of personality traits from texts has gained significant attention in computational linguistics. Most personality detection and analysis methods have focused on small datasets making their experimental observations often limited. To bridge this gap, we focus on collecting and releasing the largest automatically curated dataset for the research community which has 152 million tweets and 56 thousand data points for the Myers-Briggs personality type (MBTI) prediction task. We perform a series of extensive qualitative and quantitative studies on our dataset to analyze the data patterns in a better way and infer conclusions. We show how our intriguing analysis results often follow natural intuition. We also perform a series of ablation studies to show how the baselines perform for our dataset.
CrisisTransformers: Pre-trained language models and sentence encoders for crisis-related social media texts
Authors: Rabindra Lamsal, Maria Rodriguez Read, Shanika Karunasekera
Date: 2023-09-11 00:00:00
Tasks: Sentence, Sentence Embeddings, text-classification, Text Classification

Social media platforms play an essential role in crisis communication, but analyzing crisis-related social media texts is challenging due to their informal nature. Transformer-based pre-trained models like BERT and RoBERTa have shown success in various NLP tasks, but they are not tailored for crisis-related texts. Furthermore, general-purpose sentence encoders are used to generate sentence embeddings, regardless of the textual complexities in crisis-related texts. Advances in applications like text classification, semantic search, and clustering contribute to the effective processing of crisis-related texts, which is essential for emergency responders to gain a comprehensive view of a crisis event, whether historical or real-time. To address these gaps in crisis informatics literature, this study introduces CrisisTransformers, an ensemble of pre-trained language models and sentence encoders trained on an extensive corpus of over 15 billion word tokens from tweets associated with more than 30 crisis events, including disease outbreaks, natural disasters, conflicts, and other critical incidents. We evaluate existing models and CrisisTransformers on 18 crisis-specific public datasets. Our pre-trained models outperform strong baselines across all datasets in classification tasks, and our best-performing sentence encoder improves the state-of-the-art by 17.43% in sentence encoding tasks. Additionally, we investigate the impact of model initialization on convergence and evaluate the significance of domain-specific models in generating semantically meaningful sentence embeddings. The models are publicly available at: https://huggingface.co/crisistransformers
Zero-shot Learning with Minimum Instruction to Extract Social Determinants and Family History from Clinical Notes using GPT Model
Authors: Neel Bhate, Ansh Mittal, Zhe He, Xiao Luo
Date: 2023-09-11 00:00:00
Tasks: NER, Semantic Similarity, Semantic Textual Similarity, Zero-Shot Learning

Demographics, Social determinants of health, and family history documented in the unstructured text within the electronic health records are increasingly being studied to understand how this information can be utilized with the structured data to improve healthcare outcomes. After the GPT models were released, many studies have applied GPT models to extract this information from the narrative clinical notes. Different from the existing work, our research focuses on investigating the zero-shot learning on extracting this information together by providing minimum information to the GPT model. We utilize de-identified real-world clinical notes annotated for demographics, various social determinants, and family history information. Given that the GPT model might provide text different from the text in the original data, we explore two sets of evaluation metrics, including the traditional NER evaluation metrics and semantic similarity evaluation metrics, to completely understand the performance. Our results show that the GPT-3.5 method achieved an average of 0.975 F1 on demographics extraction, 0.615 F1 on social determinants extraction, and 0.722 F1 on family history extraction. We believe these results can be further improved through model fine-tuning or few-shots learning. Through the case studies, we also identified the limitations of the GPT models, which need to be addressed in future research.
Flesch or Fumble? Evaluating Readability Standard Alignment of Instruction-Tuned Language Models
Authors: Joseph Marvin Imperial, Harish Tayyar Madabushi
Date: 2023-09-11 00:00:00

Readability metrics and standards such as Flesch Kincaid Grade Level (FKGL) and the Common European Framework of Reference for Languages (CEFR) exist to guide teachers and educators to properly assess the complexity of educational materials before administering them for classroom use. In this study, we select a diverse set of open and closed-source instruction-tuned language models and investigate their performances in writing story completions and simplifying narratives--tasks that teachers perform--using standard-guided prompts controlling text readability. Our extensive findings provide empirical proof of how globally recognized models like ChatGPT may be considered less effective and may require more refined prompts for these generative tasks compared to other open-sourced models such as BLOOMZ and FlanT5--which have shown promising results.
Evaluating the Deductive Competence of Large Language Models
Authors: Spencer M. Seals, Valerie L. Shalin
Date: 2023-09-11 00:00:00

The development of highly fluent large language models (LLMs) has prompted increased interest in assessing their reasoning and problem-solving capabilities. We investigate whether several LLMs can solve a classic type of deductive reasoning problem from the cognitive science literature. The tested LLMs have limited abilities to solve these problems in their conventional form. We performed follow up experiments to investigate if changes to the presentation format and content improve model performance. We do find performance differences between conditions; however, they do not improve overall performance. Moreover, we find that performance interacts with presentation format and content in unexpected ways that differ from human performance. Overall, our results suggest that LLMs have unique reasoning biases that are only partially predicted from human reasoning performance and the human-generated language corpora that informs them.
DoG-Instruct: Towards Premium Instruction-Tuning Data via Text-Grounded Instruction Wrapping
Authors: Yongrui Chen, Haiyun Jiang, Xinting Huang, Shuming Shi, Guilin Qi
Date: 2023-09-11 00:00:00
Tasks: Hallucination, Instruction Following

The improvement of LLMs' instruction-following capabilities relies heavily on the availability of high-quality instruction-response pairs. Unfortunately, the current methods used to collect the pairs suffer from either unaffordable labor costs or severe hallucinations in the self-generation of LLM. To tackle these challenges, this paper proposes a scalable solution. It involves training LLMs to generate instruction-response pairs based on human-written documents, rather than relying solely on self-generation without context. Our proposed method not only exploits the advantages of human-written documents in reducing hallucinations but also utilizes an LLM to wrap the expression of documents, which enables us to bridge the gap between various document styles and the standard AI response. Experiments demonstrate that our method outperforms existing typical methods on multiple benchmarks. In particular, compared to the best-performing baseline, the LLM trained using our generated dataset exhibits a 10\% relative improvement in performance on AlpacaEval, despite utilizing only 1/5 of its training data. Furthermore, a comprehensive manual evaluation validates the quality of the data we generated. Our trained wrapper is publicly available at https://github.com/Bahuia/Dog-Instruct.
Experimenting with UD Adaptation of an Unsupervised Rule-based Approach for Sentiment Analysis of Mexican Tourist Texts
Authors: Olga Kellert, Mahmud Uz Zaman, Nicholas Hill Matlis, Carlos Gómez-Rodríguez
Date: 2023-09-11 00:00:00
Tasks: Negation, Sentiment Analysis

This paper summarizes the results of experimenting with Universal Dependencies (UD) adaptation of an Unsupervised, Compositional and Recursive (UCR) rule-based approach for Sentiment Analysis (SA) submitted to the Shared Task at Rest-Mex 2023 (Team Olga/LyS-SALSA) (within the IberLEF 2023 conference). By using basic syntactic rules such as rules of modification and negation applied on words from sentiment dictionaries, our approach exploits some advantages of an unsupervised method for SA: (1) interpretability and explainability of SA, (2) robustness across datasets, languages and domains and (3) usability by non-experts in NLP. We compare our approach with other unsupervised approaches of SA that in contrast to our UCR rule-based approach use simple heuristic rules to deal with negation and modification. Our results show a considerable improvement over these approaches. We discuss future improvements of our results by using modality features as another shifting rule of polarity and word disambiguation techniques to identify the right sentiment words.
Analysing Cross-Lingual Transfer in Low-Resourced African Named Entity Recognition
Authors: Michael Beukman, Manuel Fokam
Date: 2023-09-11 00:00:00
Tasks: Cross-Lingual Transfer, named-entity-recognition, Named Entity Recognition, Transfer Learning

Transfer learning has led to large gains in performance for nearly all NLP tasks while making downstream models easier and faster to train. This has also been extended to low-resourced languages, with some success. We investigate the properties of cross-lingual transfer learning between ten low-resourced languages, from the perspective of a named entity recognition task. We specifically investigate how much adaptive fine-tuning and the choice of transfer language affect zero-shot transfer performance. We find that models that perform well on a single language often do so at the expense of generalising to others, while models with the best generalisation to other languages suffer in individual language performance. Furthermore, the amount of data overlap between the source and target datasets is a better predictor of transfer performance than either the geographical or genetic distance between the languages.