Your company plans to deploy a web application on AWS and expects variable traffic, with significant peaks during holidays. Management has asked for a cost-effective solution that scales with demand. Which AWS pricing model should you consider to optimize costs while ensuring that the application can handle the traffic spikes?
Reserved Instances with a 1-year term
Compute Savings Plans over a 3-year term
On-Demand Instances without any planned scaling policy
EC2 Spot Instances