A foundation model for multivariate time series forecasting

Accurate forecasting with uncertainty quantification is critical in a variety of scientific applications ranging from epidemiology and economics to energy systems and earth sciences. Yet most forecasting models still need to be developed and trained separately for each domain-specific dataset. Time series foundation models (TSFMs) aim to remove this limitation and enable the application of the same model across domains through large-scale pretraining. However, existing TSFMs treat each time series independently and therefore cannot model interactions among time series and external drivers. Here, we introduce Chronos-2, a foundation model for zero-shot forecasting that models the interactions between multivariate time series and heterogeneous covariates, which commonly arise in scientific applications. The model infers relationships among time series directly from historical context and generates probabilistic forecasts without task-specific treatment. Across various benchmarks, Chronos-2 achieves state-of-the-art accuracy by improving skill scores by 5.2 percentage points relative to the strongest baselines and increasing win rates by 10 percentage points. Chronos-2 is also computationally efficient, generating forecasts for 100 time series in under one second on a single mid-range GPU, 50x and 1000x faster than the best task-specific point and probabilistic forecasters, respectively. In addition, we demonstrate its effectiveness in diverse scientific settings — including infectious-disease forecasting, macroeconomic modeling, carbon-flux prediction, and runoff simulation — where the model matches or surpasses specialized methods developed for each domain. These results show that a single pretrained model can capture structure shared across temporal systems. Importantly, our work lays a foundation toward a transition from task-specific forecasting to generalist forecasting systems across scientific and industrial domains.