LLaMA-2-Econ: Enhancing Title Generation, Abstract Classification, and Academic Q&A in Economic Research

Onur Keles, Omer Turan Bayraklı


Abstract
Using Quantized Low Rank Adaptation and Parameter Efficient Fine Tuning, we fine-tuned Meta AI’s LLaMA-2-7B large language model as a research assistant in the field of economics for three different types of tasks: title generation, abstract classification, and question and answer. The model was fine-tuned on economics paper abstracts and syntheticically created question-answer dialogues based on the abstracts. For the title generation, the results of the experiment demonstrated that LLaMA-2-Econ (the fine-tuned model) surpassed the base model (7B and 13B) with few shot learning, and comparable models of similar size like Mistral-7B and Bloom-7B in the BLEU and ROUGE metrics. For abstract categorization, LLaMA-2-Econ outperformed different machine and deep learning algorithms in addition to state-of-the-art models like GPT 3.5 and GPT 4 with both single and representative few shot learning. We tested the fine-tuned Q&A model by comparing its output with the base LLaMA-2-7B-chat with a Retrieval Augmented Generation (RAG) pipeline with semantic search and dense vector indexing, and found that LLaMA-2 performed on a par with the base model with RAG.
Anthology ID:
2024.finnlp-1.21
Volume:
Proceedings of the Joint Workshop of the 7th Financial Technology and Natural Language Processing, the 5th Knowledge Discovery from Unstructured Data in Financial Services, and the 4th Workshop on Economics and Natural Language Processing @ LREC-COLING 2024
Month:
May
Year:
2024
Address:
Torino, Italia
Editors:
Chung-Chi Chen, Xiaomo Liu, Udo Hahn, Armineh Nourbakhsh, Zhiqiang Ma, Charese Smiley, Veronique Hoste, Sanjiv Ranjan Das, Manling Li, Mohammad Ghassemi, Hen-Hsen Huang, Hiroya Takamura, Hsin-Hsi Chen
Venues:
FinNLP | WS
SIG:
Publisher:
ELRA and ICCL
Note:
Pages:
212–218
Language:
URL:
https://aclanthology.org/2024.finnlp-1.21
DOI:
Bibkey:
Cite (ACL):
Onur Keles and Omer Turan Bayraklı. 2024. LLaMA-2-Econ: Enhancing Title Generation, Abstract Classification, and Academic Q&A in Economic Research. In Proceedings of the Joint Workshop of the 7th Financial Technology and Natural Language Processing, the 5th Knowledge Discovery from Unstructured Data in Financial Services, and the 4th Workshop on Economics and Natural Language Processing @ LREC-COLING 2024, pages 212–218, Torino, Italia. ELRA and ICCL.
Cite (Informal):
LLaMA-2-Econ: Enhancing Title Generation, Abstract Classification, and Academic Q&A in Economic Research (Keles & Bayraklı, FinNLP-WS 2024)
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PDF:
https://aclanthology.org/2024.finnlp-1.21.pdf