Time series is a data structure prevalent in a wide range of fields such as healthcare, finance and meteorology. It goes without saying that analyzing time series data holds the key to gaining insight into our day-to-day observations. Among the vast spectrum of time series analysis, time series classification offers the unique opportunity to classify the sequences into their respective categories for the sake of automated detection. To this end, two types of mainstream approaches, recurrent neural networks and distance-based methods, have been commonly employed to address this specific problem. Despite their enormous success, methods like Long Short-Term Memory networks typically require high computational resources. It is largely as a consequence of the nature of backpropagation, driving the search for some backpropagation-free alternatives. Reservoir computing is an instance of recurrent neural networks that is known for its efficiency in processing time series sequences. Therefore, in this article, we will develop two reservoir computing based methods that can effectively deal with regular and irregular time series with minimal computational cost, both while achieving a desirable level of classification accuracy.
