In regards to the BAT and Miller-Orr cash management models, the lower the uncertainty of cash
ﬂows, the higher the target cash balance.

Name: In regards to the BAT and Miller-Orr cash management models, the lower the uncertainty of cash ﬂows, the higher the target cash balance.
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In both the BAT and Miller-Orr models, lower uncertainty in cash flows typically leads to a lower target cash balance, as less cash is needed to buffer against variability.

In Regards to the BAT and Miller-Orr Cash Management Models