Question: 1) The MAD for Method 1= (Round to three decimal places) 2)The mean squared error for Method 1 = (Round to three decimal places) 3)The

1) The MAD for Method 1= (Round to three decimal

1) The MAD for Method 1= (Round to three decimal places)

2)The mean squared error for Method 1 = (Round to three decimal places)

3)The MAD for Method 2= (Round to three decimal places)

4)The mean squared error for Method 2 = (Round to three decimal places)

Following are two weekly forecasts made by two different methods for the number of gallons of gasoline, in thousands, demanded at a loca shown are actual demand levels, in thousands of gallons: Forecast Method 1 Actual Demand Week Week 0.85 1.08 0.97 1.20 0.68 1.05 1.07 1.00 Forecast Method 2 0.82 1.21 0.90 1.17 Actual Demand 0.68 1.05 1.07 1.00 The MAD for Method 1 = thousand gallons (round your response to three decimal places)

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