AWS Machine Learning Blog

Category: Amazon Forecast

Introducing hierarchical deletion to easily clean up unused resources in Amazon Forecast

Amazon Forecast just launched the ability to hierarchically delete resources at a parent level without having to locate the child resources. You can stay focused on building value-adding forecasting systems and not worry about trying to manage individual resources that are created in your workflow. Forecast uses machine learning (ML) to generate more accurate demand […]

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Amazon Forecast now provides estimated run time for forecast creation jobs, enabling you to manage your time efficiently

Amazon Forecast now displays the estimated time it takes to complete an in-progress workflow for importing your data, training the predictor, and generating the forecast. You can now manage your time more efficiently and better plan for your next workflow around the estimated time remaining for your in-progress workflow. Forecast uses machine learning (ML) to […]

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Configure Amazon Forecast for a multi-tenant SaaS application

Amazon Forecast is a fully managed service that is based on the same technology used for forecasting at Amazon.com. Forecast uses machine learning (ML) to combine time series data with additional variables to build highly accurate forecasts. Forecast requires no ML experience to get started. You only need to provide historical data and any additional […]

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Create forecasting systems faster with automated workflows and notifications in Amazon Forecast

You can now enable notifications for workflow status changes while using Amazon Forecast, allowing you to work seamlessly without the disruption of having to check if a particular workflow has completed. Additionally, you can now automate workflows through the notifications to increase work efficiency. Forecast uses machine learning (ML) to generate more accurate demand forecasts, […]

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From forecasting demand to ordering – An automated machine learning approach with Amazon Forecast to decrease stockouts, excess inventory, and costs

This post is a guest joint collaboration by Supratim Banerjee of More Retail Limited and Shivaprasad KT and Gaurav H Kankaria of Ganit Inc. More Retail Ltd. (MRL) is one of India’s top four grocery retailers, with a revenue in the order of several billion dollars. It has a store network of 22 hypermarkets and […]

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Introducing a new API to stop in-progress workflows in Amazon Forecast

Amazon Forecast uses machine learning (ML) to generate more accurate demand forecasts, without requiring any prior ML experience. Forecast brings the same technology used at Amazon.com to developers as a fully managed service, removing the need to manage resources or rebuild your systems. To start generating forecasts through Forecast, you can follow three steps of […]

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Forecasting AWS spend using the AWS Cost and Usage Reports, AWS Glue DataBrew, and Amazon Forecast

AWS Cost Explorer enables you to view and analyze your AWS Cost and Usage Reports (AWS CUR). You can also predict your overall cost associated with AWS services in the future by creating a forecast of AWS Cost Explorer, but you can’t view historical data beyond 12 months. Moreover, running custom machine learning (ML) models […]

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How Foxconn built an end-to-end forecasting solution in two months with Amazon Forecast

This is a guest post by Foxconn. The content and opinions in this post are those of the third-party author and AWS is not responsible for the content or accuracy of this post.  In their own words, “Established in Taiwan in 1974, Hon Hai Technology Group (Foxconn) is the world’s largest electronics manufacturer. Foxconn is […]

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Most items in the model with the Weather Index have errors below 0.05.

Amazon Forecast Weather Index – automatically include local weather to increase your forecasting model accuracy

We’re excited to announce the Amazon Forecast Weather Index, which can increase your forecasting accuracy by automatically including local weather information in your demand forecasts with one click and at no extra cost. Weather conditions influence consumer demand patterns, product merchandizing decisions, staffing requirements, and energy consumption needs. However, acquiring, cleaning, and effectively using live […]

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Amazon Forecast now supports accuracy measurements for individual items

We’re excited to announce that you can now measure the accuracy of forecasts for individual items in Amazon Forecast, allowing you to better understand your forecasting model’s performance for the items that most impact your business. Improving forecast accuracy for specific items—such as those with higher prices or higher costs—is often more important than optimizing […]

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