Multi-label Text Classification of Economic Concepts from Economic News Articles using Natural Language Processing

Soojeong Kim, Minhyeok Lee, Junhee Seok

Research output: Chapter in Book/Report/Conference proceedingConference contribution

Abstract

Multi-label classification is rapidly developing as an important aspect of modern predictive modeling. In this paper, we propose a multi-label text classification approach in order to extract the labels of economic concepts from economic news articles. We demonstrate a multi-label sentence-level event classification with a multi-label classifier algorithm. The classifier uses BERT Model and classification based on the association between labels via a threshold. The experiment on real-world multi-label data with many labels demonstrates an appealing performance and efficiency of multi-label classification.

Original languageEnglish
Title of host publicationICUFN 2022 - 13th International Conference on Ubiquitous and Future Networks
PublisherIEEE Computer Society
Pages417-420
Number of pages4
ISBN (Electronic)9781665485500
DOIs
Publication statusPublished - 2022
Event13th International Conference on Ubiquitous and Future Networks, ICUFN 2022 - Virtual, Barcelona, Spain
Duration: 2022 Jul 52022 Jul 8

Publication series

NameInternational Conference on Ubiquitous and Future Networks, ICUFN
Volume2022-July
ISSN (Print)2165-8528
ISSN (Electronic)2165-8536

Conference

Conference13th International Conference on Ubiquitous and Future Networks, ICUFN 2022
Country/TerritorySpain
CityVirtual, Barcelona
Period22/7/522/7/8

Bibliographical note

Funding Information:
This research was supported by the National Research Foundation of Korea (NRF) grant funded by the Korea government (MSIT) (No. NRF-2J21R1F1A1J5JM77) and (NRF-2J22R1A2C2JJ4JJ3) Correspondence should be addressed to jseok14@korea.ac.kr.

Publisher Copyright:
© 2022 IEEE.

Keywords

  • Multi-label Classification
  • Natural Language Processing
  • Text Classification

ASJC Scopus subject areas

  • Computer Networks and Communications
  • Computer Science Applications
  • Hardware and Architecture

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