Amazon Forecast is a machine learning-based time-series forecasting service designed to analyze business KPIs. It is a fully managed and automated machine learning service that provides up to 50% more accurate forecasting than conventional techniques.
Forecast employs machine learning to blend time series forecasting methods with extra variables to provide forecasts. It is based on the same technology used at Amazon. No prior machine learning knowledge is necessary – Only historical data and any additional information you think might impact your estimates are required.