arXiv:2607. 11889v1 Announce Type: cross Abstract: Large language models trained on unrestricted internet corpora inevitably embed information from the future, introducing lookahead bias that compromises the validity of backtests and causal inference in finance and the social sciences.
By Bryan Kelly, Semyon Malamud, Johannes Schwab, Teng Andrea Xu
arXiv:2606.02991v2 Announce Type: replace-cross
Abstract: While modern language models increasingly rely on ever-larger web corpora, we show that pretraining on historical text (e.g., pre-1913 text)...
By Xiaoxi Luo, Zachary Shinnick, Niclas Griesshaber, Yixuan Wang, Junchi Yu, Freda Shi, Philip Torr, Yao Lu
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
arXiv:2608.23058v1 Announce Type: new
Abstract: Large language models (LLMs) now support forecasting systems that combine language-based reasoning with temporal data, evidence retrieval, external too...
By Xiaogang Xu, Jiaqi Tang, Jianmin Chen, Yingying Yan, Zhenchao Tang, Xiangxin Zhou, Xiaobin Hu, Wei Wei, Jinfeng Wu, Qifeng Chen, Lu Zhou, Jiafei Wu, Zhe Liu, Jianwei Yin, Weimin Zheng
The paper reviews data strategies for large language models, emphasizing that data strategy—selecting, weighting, and scheduling training data—determines model capabilities within a fixed data budget. It treats high‑quality data as having training‑dependent utility, varying with the target objective, model, and training state. The authors organize existing methods by decision granularity, model dependence, and temporal adaptivity, comparing their computational costs and empirical support, and note limited evidence for transfer across model scales and end‑to‑end cost parity.
By Yuanjian Xu, Jianing Hao, Tianze Sun, Yongyao Duan, Sam Chen, Jinyi Han, Wanbo Zhang, Yuxuan Sun, Guang Zhang, Zhong Li
arXiv:2607. 19604v1 Announce Type: cross Abstract: Injecting factual knowledge into large language models (LLMs) reliably and at scale remains an open challenge.
By Nischay Dhankhar, Dos Baha, Abulhair Saparov