Long Short Term Memory Network is an advanced RNN, a sequential network, that allows information to persist . It is capable of handling the vanishing gradient problem faced by RNN. A recurrent neural network is also known as RNN is used for persistent memory.
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Using LSTM, time series forecasting models can predict future values based on previous, sequential data . This provides greater accuracy for demand forecasters which results in better decision making for the business. … The LSTM has the ability to triage the impact patterns from different categories of events.
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