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

Serverless architecture orchestration

Until now, you have been relying heavily on the AWS console to perform all your actions, such as training predictors, generating forecasts, and querying or visualizing forecast results. In this section, you are going to use one of the solutions from the AWS Solutions Library.

The AWS Solutions Library contains a collection of cloud-based architecture to tackle many technical and business problems. These solutions are vetted by AWS and you can use these constructs to assemble your own applications.

The solution you are going to implement is called Improving Forecast Accuracy with Machine Learning and can be found by following this link:

https://aws.amazon.com/solutions/implementations/improving-forecast-accuracy-with-machine-learning/

After a high-level overview of the components that will be deployed in your account, you are going to use this solution to build the same predictor that you built in Chapter 5, Customizing Your Predictor...