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Data Sciences – Currency Demand Forecasting

 

Overview

Datamatics successfully developed and deployed Currency Demand Forecasting Solution for A Large South-East Asian Central Bank. Built using R, .Net Framework, and Econometric Time-Series Forecast modelling, the solution is highly responsive even with data accumulated for 10 years. It offers highly accurate and precise prediction of volume and denomination of banknotes and coins. It reduced the cost for printing the currency by 20% in the first year itself.