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You are forecasting your cash for the next several days. You are now at day nine. Forecast the cash over the remaining 4 days (starting

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You are forecasting your cash for the next several days. You are now at day nine. Forecast the cash over the remaining 4 days (starting with day 9) using the 9 day moving average and the exponentially smoothing method (a=0.5). Determine which is better and why. 9 Day MA Exp.Sm. 0.5 1 Day Cash $62,000 2 $57,000 3 $53,500 4 $55,000 5 $60,000 6 $54,750 7 $65,700 8 $71,500 9*current $68,700 10 $70,000 11 $76,500 12 $74,500

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