Question: AN Folowing are two weekly forecasts made by two different methods for the number of gallons of gasoline, in thousands, demanded at a local gasoline

AN Folowing 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 Actual Demand Week Forecast Method 2 0.80 Week 1 Forecast Method 1 0.90 102 0.95 120 1 2 3 2 Actual Demand 0.68 1.00 0.96 0.97 1.20 0.68 1.00 096 0.97 3 0.88 1 15 4 4 The MAD for Method 1 thousand gallons (round your response to live deam placea) The mean squared for (MSE) for Method 1- thousand gallons?round your response to three decimal places) The MAD for Method - thousand gallons (round your response to three decimal placea) The mean squared enor (ME) for Mothod 2 - thousand guions round your response to tvoe doome placea) ttempt

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

Folowing are two weekly forecasts made by two different methods for the number of gallons of gasoline, in thousands, demanded Week 1 2 3 4 Forecast Method 1 0.90 1.08 0.92 1.20 Actual Demand 0.70...

Folowing 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...

Week 1 Week 1 Forecast Method 1 0.90 1.08 0.92 1.20 Actual Demand 0.70 1.05 1.00 1.00 Forecast Method 2 0.82 1.21 0.90 1.17 Actual Demand 0.70 1.05 1.00 1.00 AN Folowing are two weekly forecasts made...

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

= Homework: Ch.4-FC Question 9, Problem 4.14 Part 3 of 4 HW Score: 54.22%, 9.22 of 17 points Points: 0.5 of 1 Following are two weekly forecasts made by two different methods for the number of...

11 of 13 (1 complete) This Quiz: 100 pts possible Ponential This Question: 12 pts tinue wit A Question Help Following are two weekly forecasts made by two different methods for the number of gallons...

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...

What is the MAD for method 1? What is the MSE for method 1? What is the MAD for method 2? What is the MSE for method 2? Following are two weekly forecasts made by two different methods for the number...

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...

Discuss the different sources of energy available in nature.

Bumiku Bhd manufactures four different types of organic fertilizers which use the same basic raw materials M24. The management is anticipating shortages of M24 to meet next year's production as the...

The volt battery company has forecast it sales in units as follows January 1 , 0 0 0 February 8 5 0 March 8 0 0 April 1 3 0 0 May 1 5 5 0 June 1 7 0 0 in July 1 4 0 0 Low battery I keep ending...

atch the compensation objectives with their meanings. Efficiency Efficiency drop zone empty. Fairness Fairness drop zone empty. Compliance Compliance drop zone empty. Improving performance and...