1. 4.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 Forecast Method 1 Actual Demand 1 0.85 0.72 2 1.05 0.98 3 0.95 1.00 4 1.20 1.00

Week Forecast Method 2 Actual Demand 1 0.80 0.72 2 1.21 0.98 3 0.90 1.00 4 1.15 1.00

1. The MAD for Method 1 = _______ thousand gallons (round your response to three decimal places).
2. The mean squared error (MSE) for Method 1 = _______ thousand gallons2 (round your response to three decimal places).
3. The MAPE for Method 1 = _______% (round your response to two decimal places).
4. The MAD for Method 2 = _______ thousand gallons (round your response to three decimal places).
5. The mean squared error (MSE) for Method 2 = _______ thousand gallons2 (round your response to three decimal places).
6. The MAPE for Method 2 = _______% (round your response to two decimal places).