Recurrent Neural Networks (RNNs) are a class of artificial neural networks designed to recognize patterns in sequences of data by utilizing their internal memory. This makes them particularly well-suited for tasks involving time-series data or sequential input, such as speech recognition, natural language processing, and dynamic system modeling. By maintaining a hidden state that carries information from previous inputs, RNNs can learn and make predictions based on context, providing a powerful tool for advanced estimation techniques in various applications.
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