Two new research papers explore challenges in training and evaluating time series foundation models (TSFMs). The first paper introduces ORBIT, a novel training paradigm designed to control distribution properties like domain imbalance and context requirements, and demonstrates its effectiveness with a Transformer model called Falcon-2.0. The second paper identifies a phenomenon called "forecast collapse" in TSFMs when predicting financial data, where predictions become flat and poorly ranked, and proposes a new objective function, CalibRank, to address this issue. AI
IMPACT These papers highlight critical areas for improvement in time series foundation models, potentially leading to more robust and accurate forecasting across various domains.
RANK_REASON Two arXiv papers introduce new methods for training and evaluating time series foundation models.
- arXiv
- Bootstrap Multi-Level Sampling
- fev-bench
- GIFT-Eval
- Hugging Face
- Omni-Range Incremental Training
- ORBIT
- Rank-Guided Cross-Depth Alignment
- Transformer
- CalibRank
- Finance1K
- US equities
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