Amazon Forecast is a fully managed time-series forecasting service that utilizes the same machine learning technology employed at Amazon.com. It's tailored for business metrics analysis.

• Forecasting millions of items: This service is equipped to scale operations by forecasting millions of items, using the same technology as Amazon.com.
• Optimize inventory: Reduce waste and enhance capital utilization with accurate forecasts at a granular level.
• Long-term decisions: Make more confident long-term decisions.
• Increase customer satisfaction: Ensure optimal staffing to meet varying demand levels.

Use Cases

• Retail and inventory forecasting: Reduce waste, increase inventory turns, and enhance 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.