Product Information
Amazon Forecast Features
Amazon Forecast is a fully managed time-series forecasting service that uses the same machine learning technology used at Amazon.com. It's designed for business metrics analysis.
Features
- Forecasting millions of items: This service allows you to scale operations by forecasting millions of items, using the same technology as Amazon.com.
- Optimize inventory: Reduce waste and improve capital utilization with accurate forecasts at a granular level.
- Long-term decisions: Make long-term decisions with more confidence.
- Increase customer satisfaction: Ensure optimal staffing to meet varying demand levels.
Use Cases
- Retail and inventory forecasting: Reduce waste, increase inventory turns, and improve in-stock availability by forecasting product demand at specific probability levels.
- Workforce planning: Forecast workforce staffing at 15-minute increments to optimize for high and low demand periods.
- Travel demand forecasting: Forecast foot traffic, visitor counts, and channel demand to more efficiently manage operating costs.
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