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Time series prediction is a branch of data analysis that aims to make predictions about future values based on historical data points in chronological order. Recurrent Neural Networks (RNNs) are deep learning models well-suited for time series analysis, as they can capture long-term dependencies and temporal patterns effectively. RNNs offer several advantages, including the ability to handle sequential data of varying lengths, capturing long-term dependencies, and adapting to different forecasting tasks with input and output sequences of varying lengths. However, RNNs have limitations, such as the vanishing gradient problem, which can hinder their ability to learn long-range dependencies. Advanced architectures like LSTM and GRU models address this challenge by incorporating gating mechanisms that allow them to retain information from previous time steps. Building an effective RNN model for time series prediction requires proper data preparation, model building, and hyperparameter tuning, as well as evaluation metrics and visualization to assess performance and guide improvements.