Paper ID: 2303.02707

FQP 2.0: Industry Trend Analysis via Hierarchical Financial Data

Hongyin Zhu

Analyzing trends across industries is critical to maintaining a healthy and stable economy. Previous research has mainly analyzed official statistics, which are more accurate but not necessarily real-time. In this paper, we propose a method for analyzing industry trends using stock market data. The difficulty of this task is that the raw data is relatively noisy, which affects the accuracy of statistical analysis. In addition, textual data for industry analysis needs to be better understood through language models. For this reason, we introduce the method of industry trend analysis from two perspectives of explicit analysis and implicit analysis. For the explicit analysis, we introduce a hierarchical data (industry and listed company) analysis method to reduce the impact of noise. For implicit analysis, we further pre-train GPT-2 to analyze industry trends with current affairs background as input, making full use of the knowledge learned in the pre-training corpus. We conduct experiments based on the proposed method and achieve good industry trend analysis results.

Submitted: Mar 5, 2023