Question: A. The MAD for Method 1= B. The mean squared error (MSE) for Method 1= C. The MAD for Method 2= D. The mean squared

A. The MAD for Method 1= B. The mean squared A. The MAD for Method 1=

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

C. The MAD for Method 2=

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

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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 Week 1 1 2 3 4 Forecast Method 1 0.85 1.05 0.97 1.22 Actual Demand 0.68 1.05 0.96 1.04 Forecast Method 2 0.80 1.20 0.92 1.11 Actual Demand 0.68 1.05 0.96 1.04 3 4 The MAD for Method 1 = thousand gallons (round your response to three decimal places)

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