Question: 1. Following are two weekly forecasts made by two different methods for the number of litres of gasoline, in thousands, demanded at a local gasoline

1. Following are two weekly forecasts made by two different methods for the number of litres of gasoline, in thousands, demanded at a local gasoline station. Also shown are actual demand levels , in thousands of litres: Forecasts Week Method 1 Method 2 Actual Demand 0.9 0.80.7 2 1 .05 1.2 3 0.95 0.9 4 1.2 1.11 What are the MAD and MSE for each method?

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