Amazon Forecast

Caution

AWS is phasing out this service or has closed it to new customers. Check its current status in the official docs before using it in a new project.

Concept

Amazon Forecast looked at past data to predict the future — for example, how much will be sold next month. This kind of data that changes over time is called a time series. Users only provided the data, and Forecast itself picked a suitable ML model and trained it. AWS has now closed this service to new customers. For forecasting in new work, Amazon SageMaker is used.

Simple example

Like a weather forecast, but for sales or demand.

Why it’s needed

How much stock to buy, how many staff you need — without a forecast, you have to guess.

Where it’s used

AWS has closed it to new customers; SageMaker is used as the alternative.

Azure equivalent

Azure Machine Learning

Remember

Forecast = an old forecasting service; use SageMaker for new work.

Learn more

For details and the latest information, see the official documentation:

• Amazon Forecast — AWS official documentation ↗