A Comprehensive Review on Summarizing Financial News Using Deep Learning
This work addresses the problem of summarizing financial news for investors, but it is incremental as it compares standard techniques without introducing new methods.
This study evaluated various embedding techniques and deep learning models for sentiment analysis of financial news to aid investment decisions, finding that certain combinations achieved better accuracy than existing methods.
Investors make investment decisions depending on several factors such as fundamental analysis, technical analysis, and quantitative analysis. Another factor on which investors can make investment decisions is through sentiment analysis of news headlines, the sole purpose of this study. Natural Language Processing techniques are typically used to deal with such a large amount of data and get valuable information out of it. NLP algorithms convert raw text into numerical representations that machines can easily understand and interpret. This conversion can be done using various embedding techniques. In this research, embedding techniques used are BoW, TF-IDF, Word2Vec, BERT, GloVe, and FastText, and then fed to deep learning models such as RNN and LSTM. This work aims to evaluate these model's performance to choose the robust model in identifying the significant factors influencing the prediction. During this research, it was expected that Deep Leaming would be applied to get the desired results or achieve better accuracy than the state-of-the-art. The models are compared to check their outputs to know which one has performed better.