Amazon Forecast uses Machine Learning to deliver highly accurate forecasts
Amazon Forecast is an accurate, fully managed, forecasting service based on the same technology used at Amazon.com, that utilizes machine learning with time series data to predict future trends across a variety of industries and use cases, ranging from financial planning to resource management and demand planning.
Forecasting using time-series data alone, unreliably assumes that the past is an accurate determinant of future trends.
Therefore, Amazon Forecast integrates a larger sum of variables along with time series data to build its forecasts, employing machine learning to identify complex relationships that aid in producing markedly more accurate results.
No upfront commitments are needed to use Amazon Forecast and you pay only for the capacity you use.