Summary  
This chapter demonstrates how LSTM networks use forget, input, and output gates to update long-term and short-term memory for sequential data modeling and step-wise prediction.

General domain of usage  
Business forecasting

An example of how **LSTM** networks can be applied to time series prediction is explored. The following graph illustrates the performance of **Company A** over a period of five months.


- **Data**: the x-axis represents the **months**, while the y-axis shows the **performance metric** (e.g., sales, revenue, etc.) ranging from 5 to 15;
- **Time series forecasting**: an LSTM can be used to analyze the trend and predict future values based on past data. In the graph, we can see fluctuations, which LSTM will analyze to predict future months;
- **LSTM application**: using past months' data, the LSTM network learns the pattern of increases and decreases in Company A's performance and can forecast future performance trends.



This is a typical application of **LSTM** in business forecasting, where past performance is used to predict future trends. The LSTM model learns from the time series data and can be used for more accurate predictions, especially when there are complex dependencies over time.


What does the y-axis represent in the performance graph for Company A?

Master Recurrent neural networks and their advanced variants like LSTMs and GRUs using PyTorch. Gain hands-on experience processing sequential data for practical applications. Apply these powerful models to tackle real-world challenges in time series forecasting and various Natural language processing tasks.

Covers the limitations of traditional neural networks for sequential data and introduces the fundamentals of Recurrent Neural Networks. Explains RNN architecture, types, and step-by-step implementation through basic examples and a coding challenge.

Explores common training challenges such as vanishing and exploding gradients. Introduces advanced RNN variants including LSTM and GRU, highlighting their internal mechanisms and use cases, with practical implementation examples for each.

Focuses on processing and forecasting time series data using RNN-based models. Includes data loading, preprocessing techniques, model training, and performance evaluation, with emphasis on comparing LSTM and GRU architectures.

Demonstrates the application of RNNs to text classification tasks. Covers core NLP concepts, text encoding methods, data preparation steps, and construction of an LSTM-based model for sentiment prediction.

Example of LSTM

Awesome!

Example of LSTM