A Comparative Study of Pruning Methods in Transformer-based Time Series Forecasting

Abstract

The current landscape in time-series forecasting is dominated by Transformer-based models. Their high parameter count and corresponding demand in computational resources pose a challenge to real-world deployment, especially for commercial and scientific applications with low-power embedded devices. Pruning is an established approach to reduce neural network parameter count and save compute. However, the implications and benefits of pruning Transformer-based models for time series forecasting are largely unknown. To close this gap, we provide a comparative benchmark study by evaluating unstructured and structured pruning on various state-of-the-art multivariate time series models. We study the effects of these pruning strategies on model predictive performance and computational aspects like model size, operations, and inference time. Our results show that certain models can be pruned even up to high sparsity levels, outperforming their dense counterpart. However, fine-tuning pruned models is necessary. Furthermore, we demonstrate that even with corresponding hardware and software support, structured pruning is unable to provide significant time savings.