Forecasting Energy Consumption using Recurrent Neural Networks: A Comparative Analysis
arXiv:2601.17110v1 Announce Type: new Abstract: Accurate short-term energy consumption forecasting is essential for efficient power grid management, resource allocation, and market stability. Traditional time-series models often fail to capture the complex, non-linear dependencies and external factors affecting energy demand. In this study, we propose a forecasting approach based on Recurrent Neural Networks (RNNs) and their advanced variant, Long Short-Term Memory (LSTM) networks. Our methodology integrates historical energy consumption data with external variables, including temperature, humidity, and time-based features. […]