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arXiv AI By Jihoon Kwon, Lawrence Liu, Daekyung Park, Sumin Kim, Haverty Jack, Hoyoung Lee, Katherine Bjorkman, Josh McKenney, Peter Laurelli, Nicole Kagan, Zach Golkhou, Thorsten Neumann, Edward Tong, Pete Petersen, Yoon Kim, Alejandro Lopez-Lira, Yongjae Lee, Chanyeol Choi

Making Alternative Data Work: Context-Augmented LLMs for Financial Forecasting

Read the original on arXiv AI →

The paper explores how large language models (LLMs) can forecast a firm’s future financial performance by integrating alternative data—such as consumer transactions, web traffic, and prediction markets—with traditional financial information. A two‑agent framework is proposed: one agent identifies which alternative data channels are relevant for each firm, and the other uses firm‑ and channel‑specific context to predict revenue. Experiments across four commercial alternative data channels show that incorporating alternative data in context improves LLM forecasts over using either data source alone and outperforms standard forecasting baselines.

Machine-generated by The Flow from the publisher's headline and feed description — not written or checked by a human. The full article lives at arXiv AI.

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