spendpattern
spendpattern refers to the analysis and identification of spending behaviors and trends in individuals or organizations. It involves examining how money is allocated across different categories, time periods, and circumstances to establish recognizable patterns. Financial institutions and businesses utilize spendpattern analysis to understand customer behavior, detect anomalies, and offer tailored financial products or services.
The methodology typically involves collecting transaction data, categorizing expenses, and applying statistical analysis to identify recurring
For individuals, understanding personal spendpatterns can lead to better financial management, identifying wasteful expenditures, and setting