Amazon Forecast

Predict the future! Amazon Forecast uses machine learning to forecast trends from your data.

Forecasting Tool
Amazon Forecast logo

What is Amazon Forecast?

Forecast is a tool that helps your business see what's coming. It looks at your past data and uses smart algorithms to guess future trends. It's great for things like planning inventory or managing your supply chain , but currently it is not available for new customers. It works best if you're already using other Amazon Web Services.

https://dl.dropboxusercontent.com/scl/fi/q75jg8lv20coxcppkw44q/Amazon-Forecast-Image?rlkey=0o3fr96a3zvazex5qwix0elcp&dl=1 landing page

Key Features

  • Emoji icon 31-20e3.svg

    Automatic Data Preparation
    Automates tasks like cleaning, transforming, and structuring data. It handles common data issues like missing values and outliers, saving you time and effort.

  • Emoji icon 32-20e3.svg

    Advanced Algorithms
    Amazon Forecast offers a variety of algorithms, from basic statistical methods to complex neural networks. This ensures you get the most accurate forecasts for your specific needs.

  • Emoji icon 33-20e3.svg

    Customization and Flexibility
    Tailor your models to get the most precise results. You can adjust forecasting horizons, choose specific algorithms, and use your own datasets.

     

  • Emoji icon 34-20e3.svg

    Scalability and Performance
    It can handle large amounts of time-series data efficiently, generating forecasts quickly.

  • Emoji icon 35-20e3.svg

    Additional Datasets Integration
    Improve your forecasting accuracy with built-in datasets. This feature requires no extra configuration.

  • Emoji icon 36-20e3.svg

    Explainability Reports
    Understand and trust your predictions with affect ratings. These reports help you see the impact of different factors on your forecasts.

Frequent questions for Amazon Forecast

  • What type of data can Amazon Forecast handle?

    Amazon Forecast handles structured time-series data. This includes historical events and any related attributes.

  • How does Amazon Forecast enhance forecasting accuracy?

    Amazon Forecast uses advanced algorithms to improve accuracy. These include machine learning models like DeepAR+.

  • Can I use Amazon Forecast if I have no machine learning experience?

    Yes, you can definitely use Amazon Forecast even without machine learning experience. It automates the entire process for you.

  • Can Amazon Forecast be integrated with other AWS services?

    Yes, Amazon Forecast integrates easily with other AWS services. For example, you can use Amazon S3 for data storage and Amazon Quicksight for visualization.

Related AI Tools

Latest blog posts