ATM Cash Forecasting facilitates the banks to utilize funds in real means and serve its customers (having wide spread networks across the country) more efficiently.
The most important factor in ATM network services business is to optimize cash filling at ATM to avoid cash run out situations and maximize customer satisfaction.
Recently, more banks are focusing their attention to derive greater efficiency in how they manage their cash at ATMs to reduce burden of extra cash storage.
The main point for the ATM’s forecasting algorithms is to capture and process the historical data such that it provides insight into the future.
The forecasting models should forecast the daily/Weekly cash demand for every ATM with greater accuracy.
