Book Image

Time Series Analysis on AWS

By : Michaël Hoarau
Book Image

Time Series Analysis on AWS

By: Michaël Hoarau

Overview of this book

Being a business analyst and data scientist, you have to use many algorithms and approaches to prepare, process, and build ML-based applications by leveraging time series data, but you face common problems, such as not knowing which algorithm to choose or how to combine and interpret them. Amazon Web Services (AWS) provides numerous services to help you build applications fueled by artificial intelligence (AI) capabilities. This book helps you get to grips with three AWS AI/ML-managed services to enable you to deliver your desired business outcomes. The book begins with Amazon Forecast, where you’ll discover how to use time series forecasting, leveraging sophisticated statistical and machine learning algorithms to deliver business outcomes accurately. You’ll then learn to use Amazon Lookout for Equipment to build multivariate time series anomaly detection models geared toward industrial equipment and understand how it provides valuable insights to reinforce teams focused on predictive maintenance and predictive quality use cases. In the last chapters, you’ll explore Amazon Lookout for Metrics, and automatically detect and diagnose outliers in your business and operational data. By the end of this AWS book, you’ll have understood how to use the three AWS AI services effectively to perform time series analysis.
Table of Contents (20 chapters)
1
Section 1: Analyzing Time Series and Delivering Highly Accurate Forecasts with Amazon Forecast
9
Section 2: Detecting Abnormal Behavior in Multivariate Time Series with Amazon Lookout for Equipment
15
Section 3: Detecting Anomalies in Business Metrics with Amazon Lookout for Metrics

Section 1: Analyzing Time Series and Delivering Highly Accurate Forecasts with Amazon Forecast

This section will see you become familiar with time series data, the challenges it poses, and how it can be used to solve real-life business problems. You will learn about the different forms that time series datasets can take and the key use cases they help to address.

In this section, you will also learn about Amazon Forecast and how this AI service can help you tackle forecasting challenges. By the end of this section, you will have trained a forecast model and you will know how to generate new forecasts based on new data. You will also learn how to get deep insights from your model results to improve your forecasting strategy or gain a better understanding of the reason why a given prediction was made by your model.

This section comprises the following chapters: