Are Language Models Actually Useful for Time Series Forecasting?
Not on the map. Why?
Abstract (arXiv)
Large language models (LLMs) are being applied to time series forecasting. But are language models actually useful for time series? In a series of ablation studies on three recent and popular LLM-based time series forecasting methods, we find that removing the LLM component or replacing it with a basic attention layer does not degrade forecasting performance -- in most cases, the results even improve! We also find that despite their significant computational cost, pretrained LLMs do no better than models trained from scratch, do not represent the sequential dependencies in time series, and do not assist in few-shot settings. Additionally, we explore time series encoders and find that patching and attention structures perform similarly to LLM-based forecasters.
Key facts. Cited by 163 papers in the map (data through 7 Oct 2026). Builds on 32 of its 51 references that are in the map. First posted on arXiv 22 Jun 2024.
Builds on
32 of 51 references.
References · 32
- 2018BERT: Pre-training of Deep Bidirectional Transformers for Language Understandingcited by 40,204
- 2023LLaMA: Open and Efficient Foundation Language Modelscited by 13,958
- 2014Empirical Evaluation of Gated Recurrent Neural Networks on Sequence Modelingcited by 2,341
- 2020Informer: Beyond Efficient Transformer for Long Sequence Time-Series Forecastingcited by 2,141
- 2022A Time Series is Worth 64 Words: Long-term Forecasting with Transformerscited by 1,981
- 2021Autoformer: Decomposition Transformers with Auto-Correlation for Long-Term Series Forecastingcited by 1,654
- 2022Are Transformers Effective for Time Series Forecasting?cited by 1,400
- 2022FEDformer: Frequency Enhanced Decomposed Transformer for Long-term Series Forecastingcited by 1,200
- 2023ImageBind: One Embedding Space To Bind Them Allcited by 1,162
- 2022TimesNet: Temporal 2D-Variation Modeling for General Time Series Analysiscited by 1,030
- 2023iTransformer: Inverted Transformers Are Effective for Time Series Forecastingcited by 906
- 2017Modeling Long- and Short-Term Temporal Patterns with Deep Neural Networkscited by 869
20 more
- 2024Chronos: Learning the Language of Time Seriescited by 712
- 2023Time-LLM: Time Series Forecasting by Reprogramming Large Language Modelscited by 680
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- 2023One Fits All:Power General Time Series Analysis by Pretrained LMcited by 615
- 2022AudioLM: a Language Modeling Approach to Audio Generationcited by 611
- 2024Unified Training of Universal Time Series Forecasting Transformerscited by 588
- 2023Large Language Models Are Zero-Shot Time Series Forecasterscited by 491
- 2019Financial Time Series Forecasting with Deep Learning : A Systematic Literature Review: 2005-2019cited by 270
- 2021Monash Time Series Forecasting Archivecited by 256
- 2023FITS: Modeling Time Series with 10k Parameterscited by 185
- 2022PromptCast: A New Prompt-based Learning Paradigm for Time Series Forecastingcited by 170
- 2023TEMPO: Prompt-based Generative Pre-trained Transformer for Time Series Forecastingcited by 170
- 2023TEST: Text Prototype Aligned Embedding to Activate LLM's Ability for Time Seriescited by 165
- 2023Large Language Models are Few-Shot Health Learnerscited by 115
- 2024CALF: Aligning LLMs for Time Series Forecasting via Cross-modal Fine-Tuningcited by 105
- 2024Language Models Still Struggle to Zero-shot Reason about Time Seriescited by 81
- 2021Time Series Prediction using Deep Learning Methods in Healthcarecited by 71
- 2023Learning to Embed Time Series Patches Independentlycited by 34
- 2024Rethinking Channel Dependence for Multivariate Time Series Forecasting: Learning from Leading Indicatorscited by 32
- 2023Leveraging Vision-Language Models for Granular Market Change Predictioncited by 22
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Citing papers per year: 2024: 20; 2025: 85; 2026: 58.
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- 2026Domain Generalization under Sampling Pattern Shifts in Irregular Time Series27 Sep 2026
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- 2026TAC-Time: Texts as Channels For Multimodal Time Series Forecasting21 Sep 2026
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