Extracting fine-grained economic events from business news

Based on a recently developed fine-grained event extraction dataset for the economic domain, we present in a pilot study for supervised economic event extraction. We investigate how a state-of-the-art model for event extraction performs on the trigger and argument identification and classification. While F1-scores of above 50{%} are obtained on the task of trigger identification, we observe a large gap in performance compared to results on the benchmark ACE05 dataset. We show that single-token triggers do not provide sufficient discriminative information for a fine-grained event detection setup in a closed domain such as economics, since many classes have a large degree of lexico-semantic and contextual overlap

Incorporating Fine-grained Events in Stock Movement Prediction

Considering event structure information has proven helpful in text-based stock movement prediction. However, existing works mainly adopt the coarse-grained events, which loses the specific semantic information of diverse event types. In this work, we propose to incorporate the fine-grained events in stock movement prediction. Firstly, we propose a professional finance event dictionary built by domain experts and use it to extract fine-grained events automatically from finance news. Then we design a neural model to combine finance news with fine-grained event structure and stock trade data to predict the stock movement. Besides, in order to improve the generalizability of the proposed method, we design an advanced model that uses the extracted fine-grained events as the distant supervised label to train a multi-task framework of event extraction and stock prediction. The experimental results show that our method outperforms all the baselines and has good generalizability.Comment: Accepted by 2th ECONLP workshop in EMNLP201

Automated energy compliance checking in construction

Automated energy compliance checking aims to automatically check the compliance of a building design – in a building information model (BIM) – with applicable energy requirements. A significant number of efforts in both industry and academia have been undertaken to automate the compliance checking process. Such efforts have achieved various levels of automation, expressivity, representativeness, accuracy, and efficiency. Despite the contributions of these efforts, there are two main gaps in existing automated compliance checking (ACC) efforts. First, existing methods are not fully-automated and/or not generalizable across different types of documents. They require different degrees of manual efforts to extract requirements from text into computer-processable representations, and matching the concept representations of the extracted requirements to those of the BIM. Second, existing methods only focused on code checking. There is still a lack of efforts that address contract specification checking. To address these gaps, this thesis aims to develop a fully-automated ACC method for checking BIM-represented building designs for compliance with energy codes and contract specifications. The research included six primary research tasks: (1) conducting a comprehensive literature review; (2) developing a semantic, domain-specific, machine learning-based text classification method and algorithm for classifying energy regulatory documents (including energy codes) and contract specifications for supporting energy ACC in construction; (3) developing a semantic, natural language processing (NLP)-enabled, rule-based information extraction method and algorithm for automated extraction of energy requirements from energy codes; (4) adapting the information extraction method and algorithm for automated extraction of energy requirements from contract specifications; (5) developing a fully-automated, semantic information alignment method and algorithm for aligning the representations used in the BIMs to the representations used in the energy codes and contract specifications; and (6) implementing the aforementioned methods and algorithms in a fully-automated energy compliance checking prototype, called EnergyACC, and using it in conducting a case study to identify the feasibility and challenges for developing an ACC method that is fully-automated and generalized across different types of regulatory documents. Promising noncompliance detection performance was achieved for both energy code checking (95.7% recall and 85.9% precision) and contract specification checking (100% recall and 86.5% precision)

Automated Detection of Financial Events in News Text

Today’s financial markets are inextricably linked with financial events like acquisitions, profit announcements, or product launches. Information extracted from news messages that report on such events could hence be beneficial for financial decision making. The ubiquity of news, however, makes manual analysis impossible, and due to the unstructured nature of text, the (semi-)automatic extraction and application of financial events remains a non-trivial task. Therefore, the studies composing this dissertation investigate 1) how to accurately identify financial events in news text, and 2) how to effectively use such extracted events in financial applications. Based on a detailed evaluation of current event extraction systems, this thesis presents a competitive, knowledge-driven, semi-automatic system for financial event extraction from text. A novel pattern language, which makes clever use of the system’s underlying knowledge base, allows for the definition of simple, yet expressive event extraction rules that can be applied to natural language texts. The system’s knowledge-driven internals remain synchronized with the latest market developments through the accompanying event-triggered update language for knowledge bases, enabling the definition of update rules. Additional research covered by this dissertation investigates the practical applicability of extracted events. In automated stock trading experiments, the best performing trading rules do not only make use of traditional numerical signals, but also employ news-based event signals. Moreover, when cleaning stock data from disruptions caused by financial events, financial risk analyses yield more accurate results. These results suggest that events detected in news can be used advantageously as supplementary parameters in financial applications