Global | The Use of Natural Language & Large Language Models for Analysis

Presentation given at the "Economic Predicitions with Big Data" event organized by FUNCAS. In this presentation we discuss the use of natural language processing and large language models for economic and social analysis.

Key points

• Key points:
• We discuss the value of unstructured data in Social Sciences and some particularly useful applications to measure important phenomena in Economics and Geopolitics.
• We discuss the use of LLM for coding events to extract real time and high-definition Geopolitical information from News.
• LLM applications analyzed also include: the tracking of migrant flows from origin to destiny, extracting sentiment analysis from Central Bank reports and a network analysis on News relating to Semiconductors to identify key players in the industry.

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