From News to Forecast: Integrating Event Analysis in LLM-Based Time Series Forecasting with Reflection
Authors: Xinlei Wang, Maike Feng, Jing Qiu, Jinjin Gu, Junhua Zhao
Abstract: This paper introduces a novel approach to enhance time series forecasting using Large Language Models (LLMs) and Generative Agents. With language as a medium, our method adaptively integrates various social events into forecasting models, aligning news content with time series fluctuations for enriched insights. Specifically, we utilize LLM-based agents to iteratively filter out irrelevant news and employ human-like reasoning and reflection to evaluate predictions. This enables our model to analyze complex events, such as unexpected incidents and shifts in social behavior, and continuously refine the selection logic of news and the robustness of the agent's output. By compiling selected news with time series data, we fine-tune the LLaMa2 pre-trained model. The results demonstrate significant improvements in forecasting accuracy and suggest a potential paradigm shift in time series forecasting by effectively harnessing unstructured news data.
Explore the paper tree
Click on the tree nodes to be redirected to a given paper and access their summaries and virtual assistant
Look for similar papers (in beta version)
By clicking on the button above, our algorithm will scan all papers in our database to find the closest based on the contents of the full papers and not just on metadata. Please note that it only works for papers that we have generated summaries for and you can rerun it from time to time to get a more accurate result while our database grows.