Improving the accuracy of cash flow forecasting in the TSA is the key to fulfilling government payment obligations, minimizing the cost of maintaining the cash reserve, providing the absence of outstanding debt accumulation, and ensuring investment in various financial instruments to obtain additional income. The article describes a method for improving the accuracy of forecasting a time series composed of daily budgetary fund balances in the TSA, based on its preliminary decomposition using a discrete wavelet packet transform of the Daubechies family. This makes it possible to increase the accuracy of traditional forecasting methods from 80% to more than 96%. The decomposition level varied from one to eight to minimize the mean absolute error and improve the forecasting accuracy. Calculations of statistical tests for adequacy confirm the effectiveness of the proposed method for improving forecasting accuracy. The scientific novelty of the proposed method for improving the forecasting accuracy of time series from daily budgetary fund balances in the TSA lies in proving the need for preliminary timeseries decomposition and subsequent construction of forecasts for the obtained parts, resulting in high forecasting accuracy. The result differs significantly from traditional econometric methods (ARIMA/SARIMA), characterized by a much lower accuracy (50–80%) and a decrease in forecasting accuracy with an increase in the forecast horizon. This article is novel, as it forms a new approach to solving the problem of increasing the efficiency of using budgetary funds, associated with improving the accuracy of forecasting daily budgetary fund balance in the TSA.
Improving the accuracy of cash flow forecasting in the TSA is key to fulfilling government payment obligations, minimizing the cost of maintaining the cash reserve, providing the absence of outstanding debt accumulation and ensuring investment in financial instruments to obtain additional income. This study aims to improve the accuracy of traditional methods of forecasting the time series compiled from the daily remaining balances in the TSAbased on prior decomposition using a discrete wavelet transform. The paper compares the influence of selecting a mother wavelet out of 570 mother wavelet functions belonging to 10 wavelet families (Haar;Dabeshies; Symlet; Coiflet; Biorthogonal Spline; Reverse Biorthogonal Spline; Meyer; Shannon; Battle-Lemarie; and Cohen–Daubechies–Feauveau) and the decomposition level (from 1 to 8) on the forecast accuracy of time series compiled from the daily remaining balances in the TSA in comparison with the traditional forecasting method without prior timeseries decomposition. The model with prior time series decomposition based on the Reverse Biorthogonal Spline Wavelet [5.5] mother wavelet function, upon the eighth iteration, features the highest accuracy, significantly higher than that of the traditional forecasting models. The choice of the mother wavelet and the decomposition level play an important role in increasing the accuracy of forecasting the daily remaining balances in the TSA.
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