The implementation of advanced control strategies is an effective means of maximizing the energy production of wave energy converters (WECs), and most of them require future wave excitation forces to determine the optimal control sequence. The WECs deployed in arrays can enable a significant reduction in the cost of wave energy and improve prediction performance by incorporating excitation forces from the array. In this paper, a critical comparison of the excitation prediction methods, including the time series, machine learning, and neural network, for a two-body heaving point absorber WEC is presented. Considering the symmetry of the WEC and arrays, the directional spectrum is utilized to determine the reference measurement of wave excitation. The prediction methods are applied to isolated WEC and different array layouts. Moreover, additional sensitivity analyses are performed to evaluate the performance. The results show that the autoregressive with extra input (ARX) model has the best performance in short-term wave excitation force prediction. In most cases, the ARX model is weakly influenced by the sampling period and can adapt well to changes in the directional distribution and sea states of irregular waves, and the ARX model requires the least amount of computational time in the simulations.