Reasoning and Tools for Human-Level Forecasting
On the map: LLM reasoning → Time series reasoning
Abstract (arXiv)
Language models (LMs) trained on web-scale datasets are largely successful due to their ability to memorize large amounts of training data, even if only present in a few examples. These capabilities are often desirable in evaluation on tasks such as question answering but raise questions about whether these models can exhibit genuine reasoning or succeed only at mimicking patterns from the training data. This distinction is particularly salient in forecasting tasks, where the answer is not present in the training data, and the model must reason to make logical deductions. We present Reasoning and Tools for Forecasting (RTF), a framework of reasoning-and-acting (ReAct) agents that can dynamically retrieve updated information and run numerical simulation with equipped tools. We evaluate our model with questions from competitive forecasting platforms and demonstrate that our method is competitive with and can outperform human predictions. This suggests that LMs, with the right tools, can indeed think and adapt like humans, offering valuable insights for real-world decision-making.
Key facts. Cited by 7 papers in the map (data through 7 Oct 2026). Placed in Time series reasoning, one of 17 directions in LLM reasoning. Builds on 9 of its 27 references that are in the map. First posted on arXiv 21 Aug 2024.
Builds on
9 of 27 references.
References · 9
- 2023PaLM 2 Technical Reportcited by 1,154
- 2021Show Your Work: Scratchpads for Intermediate Computation with Language Modelscited by 871
- 2022Quantifying Memorization Across Neural Language Modelscited by 755
- 2023Multi-Agent Collaboration: Harnessing the Power of Intelligent LLM Agentscited by 329
- 2023A Dynamic LLM-Powered Agent Network for Task-Oriented Agent Collaborationcited by 281
- 2023RestGPT: Connecting Large Language Models with Real-World RESTful APIscited by 129
- 2022Forecasting Future World Events with Neural Networkscited by 63
- 2024Learning to Use Tools via Cooperative and Interactive Agentscited by 54
- 2024Can Language Models Use Forecasting Strategies?cited by 13
Built on by
Citing papers per year: 2025: 3; 2026: 4.
7 papers.
- 2025Pitfalls in Evaluating Language Model Forecasterscited by 23
- 2025Bench to the Future: A Pastcasting Benchmark for Forecasting Agentscited by 20
- 2026Agentic Forecasting using Sequential Bayesian Updating of Linguistic Beliefscited by 9
- 2025PROPHET: An Inferable Future Forecasting Benchmark with Causal Intervened Likelihood Estimationcited by 8
- 2026Automating Forecasting Question Generation and Resolution for AI Evaluationcited by 3
- 2026LLM-SoccerArena: Benchmarking LLMs on Real-World Predictions in Sportscited by 1
- 2026Global Merger-Arbitrage Forecasting with Language Modelscited by 0
- 2026LLM-SoccerArena: Benchmarking LLMs on Real-World Predictions in Sports27 Jul 2026
- 2026Global Merger-Arbitrage Forecasting with Language Models10 Jul 2026
- 2026Agentic Forecasting using Sequential Bayesian Updating of Linguistic Beliefs20 Apr 2026
- 2026Automating Forecasting Question Generation and Resolution for AI Evaluation30 Jan 2026
- 2025Bench to the Future: A Pastcasting Benchmark for Forecasting Agents11 Jun 2025
- 2025Pitfalls in Evaluating Language Model Forecasters31 May 2025
- 2025PROPHET: An Inferable Future Forecasting Benchmark with Causal Intervened Likelihood Estimation2 Apr 2025
Similar, not cited
Close in wording, no citation either way
- 2026LLM-based Agents for Forecasting and Prediction: Methods, Training, Evaluation, and Applications
- 2024Approaching Human-Level Forecasting with Language Models
- 2025AlphaCast: A Human Wisdom-LLM Intelligence Co-Reasoning Framework for Interactive Time Series Forecasting
- 2026WorldReasoner: Evaluating Whether Language Model Agents Forecast Events with Valid Reasoning
- 2026TFRBench: A Reasoning Benchmark for Evaluating Forecasting Systems
- 2026OpenTSLM TeeMoE: A Unified Time-Series Language Model for Forecasting, Contextual Prediction, and Reasoning
- 2024Language Models Still Struggle to Zero-shot Reason about Time Series
- 2026A Human-in-the-Loop Autonomous Agent for Industry Time Series Forecasting