Introducing Amazon Forecast
Amazon Forecast is a managed AI service from AWS that allows you to create accurate time series forecasting models. The service allows you to import time series datasets, preprocess and clean up the datasets for training, train a forecasting model, and deploy it to generate forecasts on future time intervals. You can then export these forecasts to visualize the results on reporting platforms such as Amazon QuickSight. You can also visualize the results on the AWS console or use the API to get real-time results.
Amazon Forecast provides multiple options when it comes to the choice of algorithms to use while training a model. They range from statistical methods to DL algorithms, and you can choose them based on factors such as the volume of the data, the number of missing values in the data, and also the complexity of the dataset. Let us look in more detail at the algorithms that Amazon Forecast provides.
Amazon Forecast algorithms
The models created...
