Amazon Forecast
Amazon Forecast is a fully managed service that uses machine learning to deliver highly accurate forecasts. It analyzes your historical time-series data and automatically selects the right machine learning algorithms to generate accurate forecasts with no machine learning expertise required.
APIs
Amazon Forecast API
The Amazon Forecast API provides programmatic access to create and manage datasets, predictors, forecasts, and export jobs for time-series forecasting using machine learning mod...
Capabilities
Amazon Forecast Time Series Prediction
Manage end-to-end time-series forecasting pipelines: datasets, predictors, and forecast generation.
Run with NaftikoFeatures
Automatically evaluates and selects from over 60 ML algorithms to find the best fit for your time-series data.
Generates quantile forecasts (p10, p50, p90) to estimate demand uncertainty and plan inventory buffers.
Pre-built domain configurations for retail, workforce, traffic, and cloud capacity forecasting.
Incorporate external factors (price, promotions, holidays) as related time-series data to improve accuracy.
Automatic tuning of model hyperparameters to maximize forecast accuracy.
Forecast Explainability reports show which features most impact each individual forecast.
Export forecast results to Amazon S3 in CSV format for downstream consumption.
Use Cases
Predict item-level sales for inventory planning and replenishment across stores.
Forecast staffing needs for contact centers and seasonal workforce management.
Predict EC2 capacity requirements to optimize reserved instance purchases.
Forecast component and raw material demand to reduce stockouts and carrying costs.
Project revenue by product, region, and channel for financial planning.
Predict electricity load and generation requirements for grid balancing.
Integrations
Import training datasets and export forecast results to S3.
Transform and prepare time-series data for Forecast using AWS Glue ETL jobs.
Combine Amazon Forecast with SageMaker for custom ML pipelines.
Control access to Forecast datasets, predictors, and forecasts with IAM policies.
Monitor Forecast job status, errors, and API usage metrics.
Encrypt Forecast datasets and training data with customer-managed KMS keys.
Visualize exported forecast data in QuickSight dashboards.