In this paper, significant improvements of a previously developed key and chord extraction system are proposed. The major improvement is the introduction of a separate acoustic model, designed to verify local key hypotheses. The conducted experimental evaluation shows that the presented system improves the state of the art in local key estimation. Our experimental study further demonstrates that the chord estimation performance is already quite robust, whereas the key estimation performance still happens to be sensitive to a number of factors. In particular, we present figures that illustrate the significant impact of the embedded musicological model and the duration of the processed excerpt on the key estimation accuracy.
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