Question: 2. The mean squared error (MSE) for Method 1 = _ thousand gallons^2 (round your response to three decimal places). 3. The MAD for Method

2. The mean squared error (MSE) for Method 1 = _

2. The mean squared error (MSE) for Method 1 = _ thousand gallons^2 (round your response to three decimal places).

3. The MAD for Method 2 = _ thousand gallons (round your response to three decimal places).

4. The mean squared error (MSE) for Method 2 = _ thousand gallons^2

(round your response 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 local gasoline station. Also shown are actual demand levels, in thousands of gallons: Week 1 2 3 4 Forecast Method 1 0.95 1.08 0.97 1.20 Actual Demand 0.70 1.05 1.07 0.97 Week 1 2 3 4 Forecast Method 2 0.77 1.20 0.90 1.15 Actual Demand 0.70 1.05 1.07 0.97 The MAD for Method 1 = thousand gallons (round your response to three decimal places)

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