arXiv AI
Aug 5

FinVerse: Financial Time-Series Benchmark

arXiv:2608. 03259v1 Announce Type: cross Abstract: As time-series foundation models have emerged, the need for benchmarks that can evaluate their forecasting ability in meaningful ways has become increasingly important.

By Jaehoon Lee, Jun Seo, Seunghan Lee, Tae Yoon Lim, Dongwan Kang, Hwanil Choi, Minjae Kim, Sungdong Yoo, Junhyeok Kang, Sangjun Han, Soonyoung Lee, Wonbin Ahn
arXiv AI
Oct 26

FinVerse: Toward More Realistic Evaluation for Financial Time-Series Forecasting

arXiv:2608.03259v3 Announce Type: replace-cross Abstract: Time-series foundation models (TSFMs) are increasingly evaluated on broad benchmarks that apply uniform conventional forecast evaluation metr...

By Jaehoon Lee, Jun Seo, Seunghan Lee, Tae Yoon Lim, Dongwan Kang, Hwanil Choi, Minjae Kim, Sungdong Yoo, Junhyeok Kang, Sangjun Han, Soonyoung Lee, Hao Ni, Srijan Sood, Stefan Zohren, Chanyeol Choi, Yongjae Lee, Zhangyang Wang, Lukasz Szpruch, Benjamin Bowring, Wonbin Ahn
arXiv Statistics ML
5d ago

Foreclassing: From Forecasts to Decisions

The paper introduces Foreclassing, a new machine learning problem where the class label of a time series is defined by its future observations. It provides a mathematical formulation, theoretical results on how future information influences Bayes risk and classification error, and proposes ForeClassNet, a neural network that jointly forecasts and classifies while accounting for uncertainty. Experiments across weather, energy, and finance datasets show that Foreclassing can improve classification accuracy, probabilistic predictions, and downstream decision-making compared to conventional methods.

By Daniel Andrew Coulson, Martin T. Wells
arXiv Machine Learning
Sep 7

Forecast Skill Is Not Decision Skill: Evidence from Weather-Dependent Decision Tasks

The paper argues that traditional weather forecast evaluations, which focus on statistical comparisons between forecasts and observations, do not adequately capture how forecasts influence real-world decisions. It introduces decision calibration, a framework that assesses probabilistic forecast performance from the decision-maker’s perspective. Using this framework, the authors compare a machine learning model to a classical numerical weather prediction model across various weather-dependent decision tasks, finding that forecast-level performance does not reliably predict decision-level outcomes and that model rankings can shift depending on the decision context.

By Kornelius Raeth, Nicole Ludwig
arXiv Machine Learning
Jul 28

Foundation Models and Fine-Tuning: Toward a New Generation of Models for Time Series Forecasting

arXiv:2607. 23146v1 Announce Type: new Abstract: Inspired by recent breakthroughs in large language models for natural language processing, foundation models have emerged as a promising paradigm for zero-shot time series forecasting, enabling accurate predictions on datasets never seen during pre-training.

By Morad Laglil, Bertrand Pracca, Emilie Devijver, Eric Gaussier