Analyzing the Role of Context in Forecasting with Large Language Models

Fuente: arXiv
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Autori principali: Mutschlechner, Gerrit, Jatowt, Adam
Natura: Preprint
Pubblicazione: 2025
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author Mutschlechner, Gerrit
Jatowt, Adam
author_facet Mutschlechner, Gerrit
Jatowt, Adam
contents This study evaluates the forecasting performance of recent language models (LLMs) on binary forecasting questions. We first introduce a novel dataset of over 600 binary forecasting questions, augmented with related news articles and their concise question-related summaries. We then explore the impact of input prompts with varying level of context on forecasting performance. The results indicate that incorporating news articles significantly improves performance, while using few-shot examples leads to a decline in accuracy. We find that larger models consistently outperform smaller models, highlighting the potential of LLMs in enhancing automated forecasting.
format Preprint
id arxiv_https___arxiv_org_abs_2501_06496
institution arXiv
publishDate 2025
record_format arxiv
spellingShingle Analyzing the Role of Context in Forecasting with Large Language Models
Mutschlechner, Gerrit
Jatowt, Adam
Computation and Language
Information Retrieval
This study evaluates the forecasting performance of recent language models (LLMs) on binary forecasting questions. We first introduce a novel dataset of over 600 binary forecasting questions, augmented with related news articles and their concise question-related summaries. We then explore the impact of input prompts with varying level of context on forecasting performance. The results indicate that incorporating news articles significantly improves performance, while using few-shot examples leads to a decline in accuracy. We find that larger models consistently outperform smaller models, highlighting the potential of LLMs in enhancing automated forecasting.
title Analyzing the Role of Context in Forecasting with Large Language Models
topic Computation and Language
Information Retrieval
url https://arxiv.org/abs/2501.06496