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Context-Aided Forecasting: Enhancing Forecasting with Textual Data
A promising alternative approach to improve forecasting Nikos Kafritsas · Follow Published in Towards Data Science · 8 min read · 7 hours ago — Image Source [1] The use of textual data to enhance forecasting performance isn’t new. In financial markets, text data and economic news often play a critical role in producing accurate forecasts — sometimes even more so than numeric historical data. Recently, many large language models (LLMs) have been fine-tuned on