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TimesFM: Time Series Foundation Model for time-series forecasting

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Re: TimesFM: Time Series Foundation Model for time-series forecasting

#91
It seems to me that predicting something based on time is rarely accurate and meaningful.

Suppose you want to buy stocks? Would you look on a time based graph and buy according to that? Or you rather look at financial data, see earnings, profits? Wouldn't a graph that has financial performance on x-axis be more meaningful that one that has time?

What if you research real estate in a particular area? Wouldn't be square footage a better measure than time?

Re: TimesFM: Time Series Foundation Model for time-series forecasting

#92

I'm curious why we seem convinced that this is a task that is possible or something worthy of investigation. I've worked on language models since 2018, even then it was obvious why language was a useful and transferable task. I do not at all feel the same way about general univariate time series that could have any underlying process.

Not really. It's true it would usually need more context than a single series dataset but you can predict broadly accurate-ish bandwidth usage trends just using simple statistical extrapolation, we've been doing that since the early 90s. If you give a model your subscriber numbers and usage data as time series it should be able to tell you quite accurately how much electricity|bandwidth|gas|road traffic levels| metro passenger levels at station Z... you'll be using at 4pm on January 4th 2026.

Re: TimesFM: Time Series Foundation Model for time-series forecasting

#93

It seems to me that predicting something based on time is rarely accurate and meaningful. Suppose you want to buy stocks? Would you look on a time based graph and buy according to that? Or you rather look at financial data, see earnings, profits? Wouldn't a graph that has financial performance on x-axis be more meaningful that one that has time? What if you research real estate in a particular area? Wouldn't be squar…

> Would you look on a time based graph and buy according to that? Or you rather look at financial data, see earnings, profits?

Things affecting financials happen through time.

Re: TimesFM: Time Series Foundation Model for time-series forecasting

#94

I'm curious why we seem convinced that this is a task that is possible or something worthy of investigation. I've worked on language models since 2018, even then it was obvious why language was a useful and transferable task. I do not at all feel the same way about general univariate time series that could have any underlying process.

Watch this talk from Albert Gu:

Efficiently Modeling Long Sequences with Structured State Spaces

https://www.youtube.com/watch?v=luCBXCErkCs

They made one of the best time series models and it later became one of the best language models too (Mamba).

Re: TimesFM: Time Series Foundation Model for time-series forecasting

#95

I'm curious why we seem convinced that this is a task that is possible or something worthy of investigation. I've worked on language models since 2018, even then it was obvious why language was a useful and transferable task. I do not at all feel the same way about general univariate time series that could have any underlying process.

I think there are some generalizable notions of multiscale periodicity that could get embedded into some kind of latent space.

Re: TimesFM: Time Series Foundation Model for time-series forecasting

#97

It seems to me that predicting something based on time is rarely accurate and meaningful. Suppose you want to buy stocks? Would you look on a time based graph and buy according to that? Or you rather look at financial data, see earnings, profits? Wouldn't a graph that has financial performance on x-axis be more meaningful that one that has time? What if you research real estate in a particular area? Wouldn't be squar…

> Would you look on a time based graph and buy according to that? Or you rather look at financial data, see earnings, profits? Things affecting financials happen through time.

All things happen through time, but my argument is that time might not be the best parameter to model relations.

Re: TimesFM: Time Series Foundation Model for time-series forecasting

#98
post #53

I'm curious why we seem convinced that this is a task that is possible or something worthy of investigation. I've worked on language models since 2018, even then it was obvious why language was a useful and transferable task. I do not at all feel the same way about general univariate time series that could have any underlying process.

Time series data are inherently context sensitive, unlike natural languages which follow predictable grammar patterns. The patterns in time series data vary based on context. For example, flight data often show seasonal trends, while electric signals depend on the type of sensor used. There's also data that appear random, like stock data, though firms like Rentech manage to consistently find unlerlying alphas. Traini…

Is Rentech the only group that genuinely manages to predict stock price? Seems like the very observation that it’s still possible would be enough motivation for other groups to catch up over such a long period.

Also, the first realistic approximation of Solomonoff induction we achieve is going to be interesting because it will destroy the stock market.

Re: TimesFM: Time Series Foundation Model for time-series forecasting

#99
post #58

I'm curious why we seem convinced that this is a task that is possible or something worthy of investigation. I've worked on language models since 2018, even then it was obvious why language was a useful and transferable task. I do not at all feel the same way about general univariate time series that could have any underlying process.

Fundamentally, the pre-trained model would need to learn a "world model" to predict well in distinct domains. This should be possible not regarding compute requirements and the exact architecture. After all, the physical world (down to the subatomic level) is governed by physical laws. Ilya Sutskever from OpenAI stated that next-token prediction might be enough to learn a world model (see [1]). That would imply that…

"predicting the next token well means that you understand the underlying reality that led to the creation of that token"

People on the AI-hype side of things tend to believe this, but I really fundamentally don't.

It's become a philosophical debate at this point (what does it mean to "understand" something, etc.)

Re: TimesFM: Time Series Foundation Model for time-series forecasting

#100

Earlier quoted context omitted.

How data hungry is it, or what is the minimum volume of data needed before its worth investigating?

The more complex the data is, the more you need. If your values are always 5, then you need only one data point.

If your values were always 5,you wouldn't use an LSTM to model it either. So presumably there's a threshold for when LSTM becomes practical and useful, no?
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