An ML engineer is designing an AI-powered traffic management system.

For near real-time predictions, AWS documentation recommends Amazon SageMaker real-time inference endpoints. These endpoints support automatic scaling based on metrics such as ConcurrentInvocationsPerInstance, ensuring low latency and high availability during traffic spikes.

For long-running historical analysis, SageMaker Processing jobs are the appropriate solution. Processing jobs are designed for batch workloads, can run for hours, and integrate cleanly with SageMaker pipelines. Scheduling them with Amazon EventBridge provides a fully managed, scalable, and serverless solution.

AWS Lambda is unsuitable for multi-hour workloads. EC2 Auto Scaling adds unnecessary infrastructure management overhead.

Therefore, Options A and C together meet all requirements and align with AWS best practices.