I have transaction data and I would like to extract the merchant from the transaction description. I am new to this but I just came across Named Entity Recognition and SpaCy. I have hundreds of thousands of different merchants.

Some questions that I have:

  • How much labelling do I need to do given the number of merchants I need to extract?

  • How many different instances of the same merchant I need to label to get decent results?

  • $\begingroup$ Could you provide an example of a transaction description? (with fake name of course). Unless the descriptions are really extensive it sounds hard to me to believe that the pre trained model from spacy perform badly and require further training. $\endgroup$ Nov 26 at 9:32

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