arXiv:2605.24564v2 Announce Type: replace
Abstract: Backtesting large language models (LLMs) on historical financial data is unreliable when their pre-training data include the evaluated events. An L...
By Weixian Waylon Li, Mengyu Wang, Tiejun Ma
arXiv:2512. 23847v2 Announce Type: replace-cross Abstract: We develop a statistical procedure to detect lookahead bias in economic forecasts generated by large language models (LLMs).
By Zhenyu Gao, Wenxi Jiang, Yutong Yan
Specialist training beats generalist scale when forecasting financial statements. To our knowledge, no prior work jointly forecasts complete financial statements beyond one year, yet in a discounted-cash-flow valuation most firm value sits past that window.
arXiv:2510. 03519v3 Announce Type: replace-cross Abstract: Time series reasoning is crucial to decision-making in diverse domains, including finance, energy, and scientific discovery.
By Fangxu Yu, Hongyu Zhao, Tianyi Zhou
arXiv:2609.36914v1 Announce Type: new
Abstract: Post-training has been shown to significantly improve language models' performance on tasks with verifiable outcomes, including mathematical reasoning,...
By Jiacheng Guo, Suozhi Huang, Shuzhen Li, Yunlong Gao, Zerui Cheng, Jason Ge, Shushu Liang, Zihao Li, Hao Lu, Ming Yin, Shilong Liu, Jiashuo Liu, Xu Kuang, Mengdi Wang
arXiv:2609.30316v1 Announce Type: cross
Abstract: Language models used in financial backtests suffer from look-ahead bias, as a model trained on text published after the study period has already obse...
By Seunghan Lee, Jun Seo, Jaehoon Lee, Junhyeok Kang, Sangjun Han, Sungdong Yoo, Minjae Kim, Tae Yoon Lim, Dongwan Kang, Hwanil Choi, Soonyoung Lee, Wonbin Ahn