Leveraging Artificial Intelligence in Cash Forecasting
Cash use and demand are always changing and difficult to predict. Typically, automatic cash forecasting tools rely on comparative statistics, which use linear regression techniques that depend on repeating patterns within data. But linear modeling often leads to ineffective assumptions in predicting cash needs.
That has opened the door for more intuitive cash forecasting methods through advances in artificial intelligence. Neural network technologies more closely replicate the way people think. Unlike linear methods, neural networks identify complex cash-use patterns and automatically adapt and learn to adjust.