ELECTRA and GPT-4o: Cost-Effective Partners for Sentiment Analysis
This work addresses cost-effective sentiment analysis for projects with limited resources, presenting incremental improvements through model collaboration and fine-tuning.
This paper tackled sentiment analysis by exploring collaborative approaches between ELECTRA and GPT-4o models, finding that sharing ELECTRA Base fine-tuned predictions with GPT-4o-mini improved performance to 82.50 macro F1 and yielded the lowest cost/performance ratio at $0.12/F1 point, while fine-tuned GPT-4o achieved the highest performance at 86.99 macro F1.
Bidirectional transformers excel at sentiment analysis, and Large Language Models (LLM) are effective zero-shot learners. Might they perform better as a team? This paper explores collaborative approaches between ELECTRA and GPT-4o for three-way sentiment classification. We fine-tuned (FT) four models (ELECTRA Base/Large, GPT-4o/4o-mini) using a mix of reviews from Stanford Sentiment Treebank (SST) and DynaSent. We provided input from ELECTRA to GPT as: predicted label, probabilities, and retrieved examples. Sharing ELECTRA Base FT predictions with GPT-4o-mini significantly improved performance over either model alone (82.50 macro F1 vs. 79.14 ELECTRA Base FT, 79.41 GPT-4o-mini) and yielded the lowest cost/performance ratio (\$0.12/F1 point). However, when GPT models were fine-tuned, including predictions decreased performance. GPT-4o FT-M was the top performer (86.99), with GPT-4o-mini FT close behind (86.70) at much less cost (\$0.38 vs. \$1.59/F1 point). Our results show that augmenting prompts with predictions from fine-tuned encoders is an efficient way to boost performance, and a fine-tuned GPT-4o-mini is nearly as good as GPT-4o FT at 76% less cost. Both are affordable options for projects with limited resources.