Audience
Anyone looking to improve forecasting without having any machine learning experience yet
About Amazon Forecast
Amazon Forecast is a fully managed service that uses machine learning to deliver highly accurate forecasts.
Companies today use everything from simple spreadsheets to complex financial planning software to attempt to accurately forecast future business outcomes such as product demand, resource needs, or financial performance. These tools build forecasts by looking at a historical series of data, which is called time series data. For example, such tools may try to predict the future sales of a raincoat by looking only at its previous sales data with the underlying assumption that the future is determined by the past. This approach can struggle to produce accurate forecasts for large sets of data that have irregular trends. Also, it fails to easily combine data series that change over time (such as price, discounts, web traffic, and number of employees) with relevant independent variables like product features and store locations.
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Nixtla
Nixtla is a platform for time-series forecasting and anomaly detection built around its flagship model TimeGPT, described as the first generative AI foundation model for time-series data. It was trained on over 100 billion data points spanning domains such as retail, energy, finance, IoT, healthcare, weather, web traffic, and more, allowing it to make accurate zero-shot predictions across a wide variety of use cases. With just a few lines of code (e.g., via their Python SDK), users can supply historical data and immediately generate forecasts or detect anomalies, even for irregular or sparse time series, and without needing to build or train models from scratch. TimeGPT supports advanced features like handling exogenous variables (e.g., events, prices), forecasting multiple time-series at once, custom loss functions, cross-validation, prediction intervals, and model fine-tuning on bespoke datasets.
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Autobox
Autobox is simply the easiest way to forecast. Designed with both the novice and expert forecaster in mind you can load your data and forecast like a Pro. No matter what method you currently use to forecast, Autobox will improve your ability to forecast accurately. Autobox won the prestigious “best-dedicated forecasting program” in the Principles of Forecasting textbook and is now a website. AFS’s unique approach doesn’t try to shoehorn the data into a model or a limited number of models, allowing Autobox to combine, history and causal are in an optimal way incorporating when needed level shifts, local time trends, pulses, and seasonal pulses. Autobox discovers new causal variables by gleaning patterns from historical forecast errors and outliers identified by the Autobox engine! Many cases result in causal variables you may not have even known existed. i.e. promotions, holidays, day of the week effects, and many others.
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QuotaPath
QuotaPath automates the commission process, building accountability and ownership for revenue teams as they manage and track variable pay. Teams that use QuotaPath gain visibility into commissions and forecasted earnings and see an increase in revenue and quota attainment, as a result. Sync your deal data and immediately feed accurate earnings calculations in the tool. QuotaPath is the only commission tracking software built for all of Sales, Finance, and RevOps.
We’re automating commissions and increasing understanding of complex comp plans to fuel a more efficient and accurate sales process for teams. With CRM and invoicing data syncs and personalized dashboards, reps and leaders gain a deeper understanding of their earnings and more efficient end-of-month process. Forecasting makes it easy to see potential earnings from pipeline deals so reps know where to focus efforts.
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Pricing
Free Trial:
Free Trial available.
Integrations
Company Information
Amazon
Founded: 1994
United States
aws.amazon.com/forecast/
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Product Details
Platforms Supported
Cloud
Training
Documentation
Support
Phone Support
Online
Amazon Forecast Frequently Asked Questions
Amazon Forecast Product Features
Sales Forecasting
Competitor Analysis
Correlation Analysis
Dashboard
Exception Reporting
Graphical Data Presentation
Modeling & Simulation
Sales Trend Analysis
Statistical Analysis
Dynamic Modeling
Performance Metrics
