What is Amazon Forecast?
Amazon Forecast is a fully managed machine learning service that generates accurate forecasts. The service uses a suite of machine learning algorithms to analyze historical data and external factors, then produces forecasts for a variety of business needs such as product demand, resource requirements, and financial projections. Amazon Forecast handles the entire forecasting workflow, from data ingestion to model training and deployment, without the need for specialized machine learning expertise. With this service, businesses can improve decision-making, reduce costs, and enhance overall operational efficiency
Highlights
- Fully managed machine learning service for generating accurate forecasts
- Analyzes historical data and external factors to produce forecasts for diverse business needs
- Handles the entire forecasting workflow, from data ingestion to model training and deployment
- Eliminates the need for specialized machine learning expertise