GLoR-forecast: state-contingent global-local text routing for financial and socio-economic time-series forecasting

Financial and socio-economic forecasting often requires information beyond numerical histories, as policy statements, news reports, institutional releases, and event descriptions may signal structural regimes or short-term shocks. Recent multimodal time-series methods incorporate timestamp-aligned texts as auxiliary variables in numerical forecasting backbones, but typically treat all textual signals as homogeneous local covariates. This overlooks an important distinction between local event-level text and broader contextual narratives. This paper proposes GLoR-Forecast (Global-Local Text Routing for Forecasting), a state-contingent textual fusion framework for multimodal time-series forecasting. The model encodes timestamp-aligned texts with a frozen language model, projects them into compact local textual variables, and attentively aggregates them into a global contextual representation. A text router then uses the current numerical time-series state as a query to dynamically weight local and global textual features. The fused representation augments the numerical sequence and can be used with standard forecasting backbones; we instantiate it with iTransformer. Experiments on nine Time-MMD domains show consistent gains over TaTS, reducing average MSE by 5.8% and MAE by 4.7%. The strongest improvements appear in Economy, Social Good, Traffic, and Agriculture, suggesting that state-dependent textual routing helps exploit both slow-moving structural context and short-term event shocks.

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Publication Details

Journal
Scientific Reports
Published
2026-09-22
DOI
https://doi.org/10.1038/s41598-026-67974-0
Primary Topic
Time Series Analysis and Forecasting
Type
article
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GLoR-forecast: state-contingent global-local text routing for financial and socio-economic time-series forecasting

Jianing Li
Scientific Reports
Time Series Analysis and Forecasting
article

GLoR-forecast: state-contingent global-local text routing for financial and socio-economic time-series forecasting

Jianing Li
article en

Abstract

Financial and socio-economic forecasting often requires information beyond numerical histories, as policy statements, news reports, institutional releases, and event descriptions may signal structural regimes or short-term shocks. Recent multimodal time-series methods incorporate timestamp-aligned texts as auxiliary variables in numerical forecasting backbones, but typically treat all textual signals as homogeneous local covariates. This overlooks an important distinction between local event-level text and broader contextual narratives. This paper proposes GLoR-Forecast (Global-Local Text Routing for Forecasting), a state-contingent textual fusion framework for multimodal time-series forecasting. The model encodes timestamp-aligned texts with a frozen language model, projects them into compact local textual variables, and attentively aggregates them into a global contextual representation. A text router then uses the current numerical time-series state as a query to dynamically weight local and global textual features. The fused representation augments the numerical sequence and can be used with standard forecasting backbones; we instantiate it with iTransformer. Experiments on nine Time-MMD domains show consistent gains over TaTS, reducing average MSE by 5.8% and MAE by 4.7%. The strongest improvements appear in Economy, Social Good, Traffic, and Agriculture, suggesting that state-dependent textual routing helps exploit both slow-moving structural context and short-term event shocks.

Scientific Reports
China University of Geosciences (Beijing) (CN)
Openalex Percentile: Top 10%
Time Series Analysis and Forecasting
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GLoR-forecast: state-contingent global-local text routing for financial and socio-economic time-series forecasting — Jianing Li · Scientific Reports (2026) | TGRS Research Map | TGRS