Summary
Amazon Forecast is an AI-/ML-managed service running in the cloud and provides a one-stop shop to solve many forecasting problems.
In this chapter, you learned how to frame your problem as a forecasting one and discovered the key concepts manipulated by the Amazon Forecast service (for instance, datasets, predictors, forecasts, and explainability insights).
This chapter was important to help you develop a good understanding of which applications will be good candidates to be solved with Amazon Forecast. You also read about how you can improve your forecasting problem-framing approach, should you want to benefit the most from all the undifferentiated heavy lifting that this service can deliver on your behalf.
In the next chapter, we are going to create our first forecasting project by creating a dataset group and ingesting some time series data.