Explanation:
The DeepAR forecasting algorithm in Amazon SageMaker is specifically designed for time series forecasting tasks. Time series data consists of observations collected over time, often at regular intervals (e.g., daily, weekly, or monthly). This data is typically used to forecast future values based on historical trends and patterns.
In the context of predicting the demand for a product, time series data would include past sales figures, inventory levels, and other relevant metrics over a period of time. The DeepAR algorithm can analyze this historical data and generate forecasts for future demand.
DeepAR and Time Series Data:
The Amazon SageMaker DeepAR forecasting algorithm is specifically designed to handle time series data for forecasting tasks.
Time series data consists of observations collected at regular intervals over time (e.g., daily sales of a product).
DeepAR uses historical patterns in this data to predict future values.
Why Time Series Data is Required:
To predict product demand, the model needs past sales data (e.g., daily, weekly, or monthly), which is inherently time series data.
C. Time series data
Explanation:
The Amazon SageMaker DeepAR forecasting algorithm is specifically designed for time series forecasting, where the goal is to predict future values based on historical data.
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