An Evaluation of LOLITA and related Natural Language Processing Systems Paul Callaghan Submitted to the University of Durham for the degree of Ph.D., August 1997 --------------------- This research addresses the question, "how do we evaluate systems like LOLITA?" LOLITA is the Natural Language Processing (NLP) system under development at the University of Durham. It is intended as a platform for building NL applications. We are therefore interested in questions of evaluation for such general NLP systems. The thesis has two parts.

Financial operators have today access to an extremely large amount of data, both quantitative and qualitative, real-time or historical and can use this information to support their decision-making process. Quantitative data are largely processed by automatic computer programs, often based on artificial intelligence techniques, that produce quantitative analysis, such as historical price analysis or technical analysis of price behaviour. Differently, little progress has been made in the processing of qualitative data, which mainly consists of financial news articles from financial newspapers or on-line news providers. As a result the financial market players are overloaded with qualitative information which is potentially extremely useful but, due to the lack of time, is often ignored. The goal of this work is to reduce the qualitative data-overload of the financial operators. The research involves the identification of the information in the source financial articles which is relevant ...