Simple feedforward neural networks (SFNNs) can achieve performance on par with, or even exceeding, advanced models like Transformers and graph neural networks (GNNs) in time series forecasting.
SFNNs are simpler, smaller, faster, and more robust compared to the state-of-the-art models.
Even in cases where modeling interactions between multiple series is needed, a basic multivariate SFNN can still deliver competitive results.
SFNNs serve as a strong baseline and future time series forecasting methods should be compared against them.