Automated data forecasting using machine learning

Abstract

A system and method are disclosed herein. The system includes one or more processors and a memory having programming instructions stored thereon, which, when executed by the one or more processors, performs operations. The operations include retrieving historical account activity. The operations further include constructing a training data set that includes the historical inflow data, the historical outflow data, and known forecast information from the historical account activity. The operations further include generating a combined prediction model configured to forecast future inflow activity and future outflow activity. The operations further include receiving current inflow activity, current outflow activity, and current balance information for a user. The operations further include generating a predicted account balance by forecasting, by the prediction model, a future inflow and a future outflow and constructing the predicted account balance based on the future inflow, the future outflow, and the current balance information.