You are given the following sample of daily net cash flows?…
You are given the following sample of daily net cash flows? Day NCF 1 $50,000 2 $65,000 3 $75,000 4 $80,000 5 a) what will be your forecast in period 5, using 2-day moving average b) what will be your forecast in period 5, using 3-day moving average c) If the actual cash flow in day 5 is 75,000, which method provides the better forecast? Calculate the forecasting error.