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Summary of Fintextqa: a Dataset For Long-form Financial Question Answering, by Jian Chen et al.


FinTextQA: A Dataset for Long-form Financial Question Answering

by Jian Chen, Peilin Zhou, Yining Hua, Yingxin Loh, Kehui Chen, Ziyuan Li, Bing Zhu, Junwei Liang

First submitted to arxiv on: 16 May 2024

Categories

  • Main: Computation and Language (cs.CL)
  • Secondary: Artificial Intelligence (cs.AI)

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Summary difficulty Written by Summary
High Paper authors High Difficulty Summary
Read the original abstract here
Medium GrooveSquid.com (original content) Medium Difficulty Summary
A novel financial question answering dataset called FinTextQA is introduced, consisting of 1,262 high-quality QA pairs extracted from finance textbooks and government agency websites. The dataset aims to address the lack of scope diversity and question complexity in current financial QA datasets. A Retrieval-Augmented Generation-based system is developed for long-form question answering (LFQA) in finance, comprising an embedder, retriever, reranker, and generator. The system’s performance is benchmarked using a multi-faceted evaluation approach under noisy conditions. Results show that the Baichuan2-7B generator competes closely with GPT-3.5-turbo in accuracy score, while the most effective system configuration involves setting specific components.
Low GrooveSquid.com (original content) Low Difficulty Summary
FinTextQA is a new dataset for asking and answering questions about finance. Right now, it’s hard to test how well computer systems can answer financial questions because there aren’t enough examples of different kinds of questions and answers. This paper fixes that by creating FinTextQA, which has 1,262 high-quality questions and answers taken from finance textbooks and government agency websites. The authors also built a special system for answering these questions, using a combination of algorithms to get the best answer. They tested how well this system worked under different conditions, and found that it does really well, especially with a certain type of generator.

Keywords

» Artificial intelligence  » Gpt  » Question answering  » Retrieval augmented generation