AverageTime: Enhance Long-Term Time Series Forecasting with Simple Averaging

TL;DR

AverageTime is a simple, scalable long-term time series forecasting method that enhances accuracy by using basic averaging operations on multiple extracted sequences, outperforming complex models.

Contribution

It introduces a novel, efficient averaging-based framework that extends channel extraction to multiple sequences and incorporates series decomposition for improved forecasting.

Findings

Outperforms state-of-the-art models on real datasets.

Uses only two averaging operations for high accuracy.

Maintains near-linear computational complexity.

Abstract

Multivariate long-term time series forecasting aims to predict future sequences by utilizing historical observations, with a core focus on modeling intra-sequence and cross-channel dependencies. Numerous studies have developed diverse architectures to capture these patterns, achieving significant improvements in forecasting accuracy. Among them, iTransformer, a representative method for channel information extraction, leverages the Transformer architecture to model channel-wise dependencies, thereby facilitating sequence transformation for enhanced forecasting performance. Building upon iTransformer's channel extraction concept, we propose AverageTime, a simple, efficient, and scalable forecasting model. Beyond iTransformer, AverageTime retains the original sequence information and reframes channel extraction as a stackable and extensible architecture. This allows the model to generate multiple novel sequences through various structural mechanisms, rather than being limited to transforming the original input. Moreover, the newly extracted sequences are not restricted to channel processing; other techniques such as series decomposition can also be incorporated to enhance predictive accuracy. Additionally, we introduce a channel clustering technique into AverageTime, which substantially improves training and inference efficiency with negligible performance loss. Experiments on real-world datasets demonstrate that with only two straightforward averaging operations, applied to both the extracted sequences and the original series. AverageTime surpasses state-of-the-art models in forecasting performance while maintaining near-linear complexity. This work offers a new perspective on time series forecasting: enriching sequence information through extraction and fusion. The source code is available at https://github.com/ UniqueoneZ/AverageTime.