Calendar and seasonal effects on the size of withdrawals from ATMs managed by Euronet
PBN-AR
Instytucja
Wydział Zarządzania (Akademia Górniczo-Hutnicza im. Stanisława Staszica w Krakowie)
Informacje podstawowe
Główny język publikacji
EN
Czasopismo
Statistics in Transition : new series
ISSN
1234-7655
EISSN
2450-0291
Wydawca
Polish Statistical Association
DOI
Rok publikacji
2016
Numer zeszytu
4
Strony od-do
691--722
Numer tomu
17
Link do pełnego tekstu
Identyfikator DOI
Liczba arkuszy
2.28
Autorzy
(liczba autorów: 2)
Słowa kluczowe
EN
replenishment management
seasonal effects
calendar effects
Streszczenia
Język
EN
Treść
This study analyses the calendar effects on withdrawals from Automated Teller Machines (ATMs) (daily data) managed by the Euronet network for the period from January 2008 to March 2012. Our study focuses on the identification of specific calendar and seasonal effects in the ATM cash withdrawal series of the company in the Polish provinces of Małopolska and Podkarpackie. The results of the analysis show that withdrawals depend strongly on the day of the week. On Fridays more cash is withdrawn than on other days, and Saturdays and Sundays are the days of the week with the lowest level of withdrawals. In a month, it can be seen that cash withdrawals take place more often in the second and in the last weeks of the month. This observation suggests that withdrawals from ATMs can be related to the profile of wage withdrawals. In Poland, in the public sector wages are paid at the beginning of the month, and in the private sector at the end of the month. The time series of withdrawals also reflect seasonality. The largest amounts are withdrawn in July, August and December. Reason for the increased demand for cash are the summer holidays and the Christmas season. The results reflect consumer habits which show pronounced calendar and seasonal effects.
Cechy publikacji
original article
peer-reviewed
Inne
System-identifier
idp:104004