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Introduction to Amazon Forecast

AWS

In this course, you’ll learn how Amazon Forecast improves accuracy by considering additional variables and external factors as opposed to traditional models.

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In this course, you’ll learn how Amazon Forecast improves accuracy by considering additional variables and external factors as opposed to traditional models.

Accuracy is the most important factor when it comes to time-series forecasting, because it has a direct impact on revenue, cost, and profit. In this lesson, you’ll learn how Amazon Forecast improves accuracy by considering additional variables and external factors as opposed to traditional models. We will also look into how Amazon Forecast automates the entire forecasting process, including the recommendation of algorithms for optimal performance.

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What's inside

Syllabus

Introduction to Amazon Forecast

Good to know

Know what's good
, what to watch for
, and possible dealbreakers
Delves into the intricacies of time-series forecasting, enhancing accuracy for better decision-making
Led by Amazon Web Services (AWS) instructors with expertise in forecasting
Covers advanced forecasting techniques that leverage external variables and factors
Provides a comprehensive introduction to Amazon Forecast, a powerful forecasting platform
Suitable for professionals seeking to improve their time-series forecasting skills

Save this course

Save Introduction to Amazon Forecast to your list so you can find it easily later:
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Activities

Be better prepared before your course. Deepen your understanding during and after it. Supplement your coursework and achieve mastery of the topics covered in Introduction to Amazon Forecast with these activities:
Review Fundamental Data Analysis
Review previously covered topics from an undergrad or prior work experience course in the field of data analysis to prepare for the course.
Browse courses on Data Analysis
Show steps
  • Identify fundamental concepts in data analysis
  • Review statistical methods and techniques
  • Practice data manipulation and cleaning
Seek Mentorship from Industry Experts
Accelerate your learning by connecting with experienced professionals in the field of time series forecasting.
Browse courses on Mentorship
Show steps
  • Identify potential mentors working with Amazon Forecast
  • Reach out and request a mentorship opportunity
  • Regularly connect with your mentor and seek guidance
Complete Amazon Forecast Documentation Tutorials
Familiarize yourself with Amazon Forecast by completing step-by-step tutorials provided by AWS.
Browse courses on Amazon Forecast
Show steps
  • Navigate to the Amazon Forecast documentation
  • Review the tutorials available
  • Choose and complete at least 3 tutorials
Five other activities
Expand to see all activities and additional details
Show all eight activities
Join an Online Study Group
Engage with fellow learners and share knowledge by joining an online study group focused on Amazon Forecast.
Browse courses on Time Series Forecasting
Show steps
  • Search for online study groups relevant to Amazon Forecast
  • Join a group and actively participate in discussions
  • Collaborate on projects and assignments
Attend an Amazon Forecast Workshop
Gain practical experience and connect with experts by attending an Amazon Forecast workshop.
Browse courses on Time Series Forecasting
Show steps
  • Search for upcoming Amazon Forecast workshops
  • Register for a workshop that aligns with your interests
  • Attend the workshop and actively participate
Develop a Time Series Forecasting Model
Apply the knowledge gained from the course by building a time series forecasting model using Amazon Forecast.
Browse courses on Time Series Forecasting
Show steps
  • Gather and prepare real-world data
  • Create an Amazon Forecast dataset
  • Train and evaluate a forecasting model
  • Deploy and monitor the model
Write a Blog Post on Amazon Forecast
Demonstrate your understanding of Amazon Forecast by creating a blog post that shares your insights and experiences.
Browse courses on Amazon Forecast
Show steps
  • Choose a specific topic related to Amazon Forecast
  • Research the topic thoroughly
  • Write a compelling and informative blog post
  • Publish and promote your blog post
Contribute to Open-Source Projects Related to Amazon Forecast
Deepen your understanding of Amazon Forecast by contributing to its open-source ecosystem.
Browse courses on Open Source
Show steps
  • Explore open-source projects related to Amazon Forecast
  • Identify areas where you can contribute
  • Submit pull requests with your contributions
  • Engage with the community and provide support

Career center

Learners who complete Introduction to Amazon Forecast will develop knowledge and skills that may be useful to these careers:
Data Analyst
Data Analysts often build models to predict future events or trends. To be successful in this role, one must understand machine learning models and how to apply them to business problems. Amazon Forecast can help build a foundation in time-series forecasting, a type of modeling used by Data Analysts for predictions on future events or trends.
See salaries and explore the career path for Data Analyst
Machine Learning Engineer
Machine Learning Engineers build, deploy, and maintain machine learning models in production. To do this work, a solid understanding of machine learning fundamentals is necessary. This course can help build a foundation in time-series forecasting, which is a type of machine learning that can be used for a variety of business applications.
See salaries and explore the career path for Machine Learning Engineer
Data Scientist
Data Scientists play a vital role in understanding how to apply new technologies to improve business outcomes. Amazon Forecast is such a new technology and can be used to improve predictions, leading to actionable business outcomes. By taking this course, you can learn how to effectively use time-series forecasting to gain valuable insights.
See salaries and explore the career path for Data Scientist
Product Manager
Product Managers work with customers and engineers to build valuable products. Understanding the use of artificial intelligence to improve business outcomes is an important component of the role. This course can teach you how to use a service that leverages artificial intelligence to improve predictions and business outcomes.
See salaries and explore the career path for Product Manager
Operations Research Analyst
Operations Research Analysts look for ways to improve operations and business processes by applying mathematical and analytical methods. One popular technique is time-series forecasting, which is what this course will teach you. Amazon Forecast automates a lot of the heavy lifting involved in time-series forecasting, so it's a great tool for Operations Research Analysts to use.
See salaries and explore the career path for Operations Research Analyst
Quantitative Analyst
Quantitative Analysts develop mathematical and statistical models to assess the risks and potential returns of investments. These models can use time-series forecasting, which is the topic that Amazon Forecast is designed to handle. For these reasons, this course may be a useful choice for Quantitative Analysts to understand how to use this new technology to improve their models.
See salaries and explore the career path for Quantitative Analyst
Statistician
Statisticians collect, analyze, and interpret data to provide insights for businesses. Time-series forecasting is one technique Statisticians use to analyze data and forecast future events. Amazon Forecast automates the process of time-series forecasting, so it is a valuable tool that Statisticians can use.
See salaries and explore the career path for Statistician
Financial Analyst
Financial Analysts help companies make sound financial decisions. Time-series forecasting often is used to predict revenue and other financial metrics to help make informed decisions. Amazon Forecast is a tool that can improve the accuracy of these forecasts, so this course may be helpful for Financial Analysts looking to leverage technology to improve outcomes.
See salaries and explore the career path for Financial Analyst
Marketing Analyst
Marketing Analysts use data to understand customer behavior and develop marketing strategies. This often involves forecasting future demand. Amazon Forecast is a tool that can be used to improve the accuracy of these forecasts.
See salaries and explore the career path for Marketing Analyst
Risk Analyst
Risk Analysts evaluate and manage financial and insurance risks. Time-series forecasting is a tool that can be used to assess risk. For example, Amazon Forecast can be used to forecast the probability of a certain event occurring. This information can then be used to make informed decisions about how to manage risk.
See salaries and explore the career path for Risk Analyst
Software Engineer
Software Engineers develop and maintain software applications. This course may be helpful for Software Engineers who are interested in building applications that use machine learning to forecast future events. Amazon Forecast is a managed service that makes it easy to add forecasting to applications.
See salaries and explore the career path for Software Engineer
Actuary
Actuaries use mathematical and statistical methods to assess risk. One area where this is applied is in insurance, where actuaries help insurance companies determine how much to charge for insurance policies. Amazon Forecast can be used to improve the accuracy of these forecasts, so it may be a useful tool for actuaries.
See salaries and explore the career path for Actuary
Business Analyst
Business Analysts help businesses improve their performance by using data and analytics. This often involves forecasting future trends. Amazon Forecast is a tool that can be used to improve the accuracy of these forecasts, so it may be helpful for Business Analysts looking to leverage technology to improve outcomes.
See salaries and explore the career path for Business Analyst
Data Engineer
Data Engineers design, build, and maintain data pipelines. This often involves collecting and storing time-series data. Amazon Forecast is a tool that can be used to analyze time-series data and forecast future trends. This course can teach Data Engineers how to use this tool, which may be helpful for building data pipelines that support forecasting applications.
See salaries and explore the career path for Data Engineer
Financial Planner
Financial Planners help individuals and families plan for their financial future. This often involves forecasting future income and expenses. Amazon Forecast is a tool that can be used to improve the accuracy of these forecasts, so this course may be helpful for Financial Planners looking to leverage technology to improve outcomes.
See salaries and explore the career path for Financial Planner

Reading list

We've selected six books that we think will supplement your learning. Use these to develop background knowledge, enrich your coursework, and gain a deeper understanding of the topics covered in Introduction to Amazon Forecast.
Cover image
Forecasting
Save
Provides a comprehensive overview of time-series forecasting methods, including both traditional and advanced techniques. It valuable resource for anyone who wants to learn more about time-series forecasting.
Forecasting: Principles and Practice
Paperback
$$$
Forecasting: principles and practice
Paperback
$$$
Forecasting: principles and practice
Paperback
$$$
Cover image
Nonlinear Time Series Analysis
Save
Provides a thorough introduction to state space models, which are a powerful tool for time-series forecasting. It valuable resource for anyone who wants to learn more about state space models.
Nonlinear Time Series Analysis
Paperback
Check
Nonlinear Time Series Analysis
Kindle Edition
Check
Cover image
Time Series Analysis and Its Applications
Save
Provides a comprehensive overview of time-series analysis and its applications. It valuable resource for anyone who wants to learn more about time-series analysis.
Time Series Analysis and Its Applications: With R...
Paperback
$$$
Time Series Analysis and Its Applications: With R...
Hardcover
$$$
Time Series Analysis and Its Applications (Springer...
Kindle Edition
$$$
Cover image
Introduction to Time Series and Forecasting
Save
Provides a comprehensive overview of time-series forecasting methods. It valuable resource for anyone who wants to learn more about time-series forecasting.
Introduction to Time Series and Forecasting
Paperback
Check
Introduction to Time Series and Forecasting
Kindle Edition
Check
Cover image
The Analysis of Time Series
Save
Provides a comprehensive overview of time-series forecasting methods. It valuable resource for anyone who wants to learn more about time-series forecasting.
The Analysis of Time Series
Paperback
Check
The Analysis of Time Series
Kindle Edition
Check
Cover image
Insect Pest Management, 3rd Edition
Save
Provides a practical introduction to time-series analysis and forecasting using R. It valuable resource for anyone who wants to learn how to use R for time-series analysis and forecasting.
Insect Pest Management, 3rd Edition
Kindle Edition
$$

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Course image
Time
11 hours
Level
Introductory
Via
Pluralsight
Instructor
AWS
Language
English
Good to know
Delves into the intricacies of time-series forecasting, enhancing accuracy for better decision-making
Led by Amazon Web Services (AWS) instructors with expertise in forecasting
Covers advanced forecasting techniques that leverage external variables and factors
Provides a comprehensive introduction to Amazon Forecast, a powerful forecasting platform
Suitable for professionals seeking to improve their time-series forecasting skills
Share and help others discover this course.
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