Improvements and Changes within the Event Detection Family Sample Clauses

Improvements and Changes within the Event Detection Family. ‌ In order to meet the requirements of the system and to augment the benefits for the user we conducted some changes to the Event Detection family in general and, more specifically, to the Moving Average Based approach, which serves as the default algorithm within the family. In D2.2 we described an approach that was based on the number of tweets per day containing a fixed list of stocks as chosen by the user. The improved system now covers a much larger and dynamic number of stocks, in order to inform the user about the most important events associated with these stocks. At the same time the user is still able to filter the list of stocks to reduce the number of possible events displayed and to focus on selected market players. In addition we adjusted the system so that it does not only show events for whole days but for finer granularities even without changing the size of the sliding window. We felt it might be important for users to be informed about an event immediately, since drastic changes in very short time are not uncommon in the financial market. The frequency for checking for new events is now controlled by the parameter frequen- cyOfCheckForEvent. With this parameter the user can decide, after how many incoming tweets the algorithm should check for new events. The default value is 1, which means that there will be a check after every incoming tweet, not including tweets that have been dismissed in the preprocessing step. A higher value for frequencyOfCheckForEvent will lead to a delay, but will improve the efficiency. Usually the algorithms will be able to handle the number of incoming tweets in real-time, so a value of 1 is recommended. Furthermore, event aggregation is no longer a task of the Event Detection system and is handled by a separate component, in order to simplify keyword extraction. In the event aggregation step sequently detected events will be aggregated to one longer lasting event.
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