Question: 0 Following are two weekly forecasts made by two different methods for the number of gallons of gasoline, in thousands, demanded at a local gasoline

0 Following are two weekly forecasts made by two
0 Following are two weekly forecasts made by two different methods for the number of gallons of gasoline, in thousands, demanded at a local gasoline station. Also shown are actual demand levels in thousands of galios Week 1 Week 1 2 3 4 Forecast Method 1 0.90 1.05 0.97 1.22 Actual Demand 0.70 1.05 0.96 1.00 Forecast Method 2 0.80 1.19 090 1.17 Actual Demand 0.70 1.05 0.96 1.00 2 3 4 The MAD for Method thousand gallons (round your response to three decimal places) The mean squared error (MSE) for Method thousand guions? found your response to three decina ploca). The MAD for Method 2-thousand galons fround your response to three decimal places. The mean squared error (MBE) for Method 2-housand gatore pround your response to three decimal places). Enter your answer in each of the swer boxes $ 8 7 4 8 5 6 3 Y U R . m K G H F D S

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!