Amazon Forecast
Time-series forecasting
Closed to new customers since July 2024. Forecast uses ML to forecast time series (demand, inventory, staffing) from historical data, with no ML experience needed.
- Cost$$ Medium
- Difficulty●●●●●
- Costs money when idle?A little
- Serverless
⚠️ Retired or retiring service
Open Forecast on the map →
Closed to new customers since July 2024
Think of it asLike a veteran store manager guessing how much will sell next week, but based on data.
When to use it
✓ Use it when
Only when maintaining legacy workloads.
✗ Avoid it when
New forecasting projects → SageMaker AI (Canvas or your own training).
Common uses
- Maintain legacy retail demand forecasts
- Move forecasting models to SageMaker AI
What does it cost?
- Pricing model: Charged by number of data points, training hours, and number of forecasts generated.
