The conversation between human and AI assistant.
Can I use a recurrent neural network for time series analysis, where I want to predict a function of the generated output?
Can you explain a bit more about the use of RNNs in time series analysis?
RNNs work by processing sequential data one element at a time while using feedback to process the previous element. This makes them well-suited for tasks such as language modeling, speech recognition, and time series prediction. In time series prediction, the RNN predicts future values of the time series, which can be used to forecast future values or trends.