We’re excited to announce that you can now automatically monitor the accuracy of your Amazon Forecast predictors over time. As new data is provided, Forecast automatically computes predictor accuracy metrics on the new dataset, providing you with more information to decide whether to keep using, retrain, or create new predictors.
Monitoring predictor quality and identifying deterioration in accuracy over time is important to achieving business goals. However, the processes required to continuously monitor predictor accuracy metrics can be time-consuming to set up and challenging to manage: forecasts have to be evaluated, and updated accuracy metrics have to be computed. In addition, metrics have to be stored and charted to understand trends and make decisions about keeping, retraining, or recreating predictors. These processes can result in costly development and maintenance burdens, and place meaningful operational stress on data science and analyst teams. And for customers not willing to take on this