Amazon Forecast announces new APIs that create up to 40% more accurate forecasts and provide explainability

We’re excited to announce two new forecasting APIs for Amazon Forecast that generate up to 40% more accurate forecasts and help you understand which factors, such as price, holidays, weather, or item category, are most influencing your forecasts. Forecast uses machine learning (ML) to generate more accurate demand forecasts, without requiring any ML experience. Forecast brings the same technology used at Amazon to developers as a fully managed service, removing the need to manage resources.

Source:: Amazon AWS