A power company wants to forecast future energy consumption for its customers in residential properties...

CNN-QR is a proprietary machine learning algorithm for forecasting time series using causal convolutional neural networks (CNNs). CNN-QR works best with large datasets containing hundreds of time series. It accepts item metadata, and is the only Forecast algorithm that accepts related time series data without future values. In this case, the power company has historical power consumption data for the last 10 years, which is a large dataset with multiple time series. The data also includes related data such as weather, number of individuals on the property, and public holidays, which can be used as item metadata or related time series data. Therefore, CNN-QR is the most suitable algorithm for this scenario. References: Amazon Forecast Algorithms, Amazon Forecast CNN-QR