Amazon Forecast Tutorial | How to use Amazon Forecast Service | AWS Forecast Demo using Retail Data

Title -
Amazon Forecast Tutorial
This Amazon Forecast Tutorial covers -
- Forecast Service Overview, Its Usage
- Forecast Service implementation in forecasting retail sales demand.
If you have any questions, please write in comments or email us.
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[@InfiniteDreamsInc]

Hi All Learners, AWS Forecast Service is quite costly, so just use this tutorial as for basic reference, when you train your model using Forecast service, its taking good amount of $$, You can reduce the cost by option some smaller data size or you can practice this in employer paid AWS accounts.

[@upendrayadav-pn8mf]

great work!

[@InfiniteDreamsInc]

Thanks Upendra

[@wiktormigaszewski8684]

1// The export is for all the products? 2// What are you paying for exactly? Creating the forecast? Downloading?..

[@heshammoustafa1373]

Be AWARE this is extremely expensive just to experiment with it even within the free trial period, so in just 2 experiments using only 1 year of data as input, I found $213 on my bill even though all the AWS forecasts were wrong by a huge margin. If I knew this I would done this locally even if it took 6 hours.

[@InfiniteDreamsInc]

Hi, thats what I pinned my comment at the starting. thank you for putting this comment here.

[@adampajka5478]

when i add 4th attribute to dataset 'price' it shows error that it can only be 3 attributes. how have u added 4th

[@InfiniteDreamsInc]

you should get add attribute button, are u not seeing that button? what error are you having when are u adding this attribute?

[@adampajka5478]

@@InfiniteDreamsInc there is a problem with csv. i have four columns at my csv file and i add 4th attribute to dataset named 'price' with type string but it shows me that my csv can contain only 3 columns id, timestamp and demand

[@InfiniteDreamsInc]

@@adampajka5478 Hi Adam, sorry for late reply. Yes, that's limitation from AWS side. You will have to create yours CSV file which you should have three attributes. If you see, even I have formatted my columns and arranged my data as ID, timestamp and demand. Let me know, if you have any more questions.

[@wiktormigaszewski8684]

I followed this tutoria and now see 535 USD of costs - please, pay more attention to inform people how to avoid this in the future videos

[@InfiniteDreamsInc]

Yes, this service is very costly, you can ask AWS to waive off the charges. Even for me when I created this video, it costed lot. I made one video for AWS Budget, You can configure budget to get notified if cost exceeding with certain amount.

[@InfiniteDreamsInc]

AWS Budget Creation - kzbin.info/www/bejne/n328fYaYgZd6q6c

[@wiktormigaszewski8684]

I just wrote AWS, I will see what they reply. I will let you know here how it ended. Thanks for the tip. Overall, I would rather develop my solution using open-source and just hire a machine for the moment of making the forecast which should be a few hours about 5 usd per hour. This is how I see if after finding this 500 usd bill in my account! :) @@InfiniteDreamsInc

[@wiktormigaszewski8684]

They agreed to cancel this 535 usd payment, thank you for the hint :)@@InfiniteDreamsInc