Zero Shot Time Series Forecasting Using Kolmogorov Arnold Networks

• URL: http://arxiv.org/abs/2412.17853v2
• Date: Fri, 14 Feb 2025 14:50:40 GMT
• Title: Zero Shot Time Series Forecasting Using Kolmogorov Arnold Networks
• Authors: Abhiroop Bhattacharya, Nandinee Haq,
• Abstract summary: We introduce a cross-domain adaptation model designed to forecast energy prices by learning market-invariant representations across different markets. By leveraging the Kolmogorov-Arnold networks, our model can potentially enhance its ability to capture complex patterns in energy price data.
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• Abstract: Accurate energy price forecasting is crucial for participants in day-ahead energy markets, as it significantly influences their decision-making processes. While machine learning-based approaches have shown promise in enhancing these forecasts, they often remain confined to the specific markets on which they are trained, thereby limiting their adaptability to new or unseen markets. In this paper, we introduce a cross-domain adaptation model designed to forecast energy prices by learning market-invariant representations across different markets during the training phase. We propose a doubly residual N-BEATS network with Kolmogorov Arnold networks at its core for time series forecasting. These networks, grounded in the Kolmogorov-Arnold representation theorem, offer a powerful way to approximate multivariate continuous functions. The cross domain adaptation model was generated with an adversarial framework. The model's effectiveness was tested in predicting day-ahead electricity prices in a zero shot fashion. In comparison with baseline models, our proposed framework shows promising results. By leveraging the Kolmogorov-Arnold networks, our model can potentially enhance its ability to capture complex patterns in energy price data, thus improving forecast accuracy across diverse market conditions. This addition not only enriches the model's representational capacity but also contributes to a more robust and flexible forecasting tool adaptable to various energy markets.

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