Reduce Amazon Forecast costs with these tips
Increase forecast accuracy using machine learning
Amazon Forecast cost saving tips
Optimize your Amazon Forecast costs with these tips
Delete Unused Models
Review your forecasting models regularly and delete any unused ones. You are charged for active models, so this can reduce costs.
Filter Data Variables
Filter your time-series data to include only most relevant variables. Publishing large amounts of data can increase training costs.
Automatic Model Tuning
Use Amazon Forecast's automatic model tuning to get good results with less effort. This can help optimize costs compared to manual experimentation.
Service information & pricing
About Amazon Forecast
- About Amazon Forecast
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Amazon Forecast is a machine learning service for accurate business forecasting. It predicts product demand, optimizes workforce planning, and estimates travel demand. This service leverages time-series analysis for large-scale operations, helping optimize inventory, improve long-term decision-making and enhance customer satisfaction. You can start easily with Amazon Forecast, which is available for a free trial on the AWS Free Tier.
- Amazon Forecast pricing
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Amazon Forecast pricing depends on four factors: data import ($0.088/GB), predictor training ($0.24/hour), forecast data points, and explanations. These last two are tiered based on amount. A free tier is available for the initial two months. AWS Pricing Calculator can help estimate the cost using Amazon Forecast.