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A Survey of Deep Learning and Foundation Models for Time Series Forecasting

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arxiv 2401.13912 v1 pith:H7DRQOCY submitted 2024-01-25 cs.LG

classification cs.LG
keywords learningdeepmodelsknowledgeseriestimeappliedforecasting
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Deep Learning has been successfully applied to many application domains, yet its advantages have been slow to emerge for time series forecasting. For example, in the well-known Makridakis (M) Competitions, hybrids of traditional statistical or machine learning techniques have only recently become the top performers. With the recent architectural advances in deep learning being applied to time series forecasting (e.g., encoder-decoders with attention, transformers, and graph neural networks), deep learning has begun to show significant advantages. Still, in the area of pandemic prediction, there remain challenges for deep learning models: the time series is not long enough for effective training, unawareness of accumulated scientific knowledge, and interpretability of the model. To this end, the development of foundation models (large deep learning models with extensive pre-training) allows models to understand patterns and acquire knowledge that can be applied to new related problems before extensive training data becomes available. Furthermore, there is a vast amount of knowledge available that deep learning models can tap into, including Knowledge Graphs and Large Language Models fine-tuned with scientific domain knowledge. There is ongoing research examining how to utilize or inject such knowledge into deep learning models. In this survey, several state-of-the-art modeling techniques are reviewed, and suggestions for further work are provided.

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Cited by 4 Pith papers

Reviewed papers in the Pith corpus that reference this work. Sorted by Pith novelty score. OpenAlex reports about 23 citations worldwide. Full citation record

  1. Forecasting Realized Volatility with Time Series Foundation Models: A Comparison with Econometric Benchmarks

    q-fin.ST 2026-07 accept novelty 6.0 of 10

    Zero-shot time series foundation models largely fail to beat econometric benchmarks for realized volatility forecasting, with only TTM achieving a narrow, calibration-driven edge.

  2. ARIES: Relation Assessment and Model Recommendation for Deep Time Series Forecasting

    cs.LG 2025-09 conditional novelty 6.0 of 10

    ARIES shows that deep forecasting models have consistent performance preferences tied to time series properties, and uses those preferences to recommend models for new datasets.

  3. RDIT: Residual-based Diffusion Implicit Models for Probabilistic Time Series Forecasting

    cs.LG 2025-09 conditional novelty 5.0 of 10

    RDIT adds residual diffusion and variance calibration on top of a strong point forecaster, achieving best CRPS on seven of eight datasets and lower PICP distance in most settings.

  4. Foundation vs. Specialized Models: Evaluating Catastrophic Forgetting in Continual Time Series Forecasting

    cs.LG 2025-10 reject novelty 4.0 of 10

    Fine-tuning TimesFM sequentially on new synthetic time-series data causes measurable forgetting of earlier tasks, with higher learning rates producing stronger forgetting.

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