ACL2024

BizBench: A Quantitative Reasoning Benchmark for Business and Finance

Michael Krumdick, Rik Koncel-Kedziorski, Viet Dac Lai, Varshini Reddy, Charles Lovering, Chris Tanner

10 citations

Abstract

Answering questions within business and finance requires reasoning, precision, and a widebreadth of technical knowledge. Together, these requirements make this domain difficult for large language models (LLMs). We introduce BizBench, a benchmark for evaluating models' ability to reason about realistic financial problems. BizBench comprises eight quantitative reasoning tasks, focusing on questionanswering (QA) over financial data via program synthesis. We include three financiallythemed code-generation tasks from newly collected and augmented QA data. Additionally, we isolate the reasoning capabilities required for financial QA: reading comprehension of financial text and tables for extracting intermediate values, and understanding financial concepts and formulas needed to calculate complex solutions. Collectively, these tasks evaluate a model's financial background knowledge, ability to parse financial documents, and capacity to solve problems with code. We conduct an indepth evaluation of open-source and commercial LLMs, comparing and contrasting the behavior of code-focused and language-focused models. We demonstrate that the current bottleneck in performance is due to LLMs' limited business and financial understanding, highlighting the value of a challenging benchmark for quantitative reasoning within this domain.