Abstract

Event prediction plays an important role in financial risk assessment and disaster warning, which can help government decision-making and economic investment. Previous works are mainly based on time series for event prediction such as statistical language model and recurrent neural network, while ignoring the impact of prior knowledge on event prediction. This makes the direction of event prediction often biased or wrong. In this paper, we propose a hierarchical event prediction model based on time series and prior knowledge. To ensure the accuracy of the event prediction, the model obtains the time-based event information and prior knowledge of events by Gated Recurrent Unit and Associated Link Network respectively. The semantic selective attention mechanism is used to fuse the time-based event information and prior knowledge, and finally generate predicted events. Experimental results on Chinese News datasets demonstrate that our model significantly outperforms the state-of-the-art methods, and increases the accuracy by 2.8%.

Highlights

  • As Mark Twain said, the past does not repeat itself, but it rhymes

  • The code and dataset are publicly available at https://github.com/bubble528/Hierarchical Semantic Gated Recurrent Unit (HS-Gated Recurrent Unit (GRU))

  • Previous methods are mainly based on the time series of events for prediction, without considering the impact of prior knowledge on event prediction

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Summary

Introduction

As Mark Twain said, the past does not repeat itself, but it rhymes. We may be able to learn the evolution of events from past events. Taking the news reports of “2007 Peru earthquake“ and “2010 Chile earthquake“ as an example (see Figure 1), the same event background and evolution path exist in news reports from different periods (events are all evolved along with the background of “earthquake”, “tsunami warning”, “personal casualty”, and “disaster assistance”). This demonstrates that similar events have similar backgrounds, and historical events may provide a wealth of prior knowledge for event prediction. Financial institutions can estimate investment risks to avoid potential economic losses

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