Question: B) The mean squared (MSE) for method 1 = _ thousand gallons^ 2 (round to three decimal places) C) The MAD for method 2 =

B) The mean squared (MSE) for method 1 = _ thousand gallons^² (round to three decimal places)

C) The MAD for method 2 = _ thousand gallons (round to three decimal places)

D) The mean squared error (MSE) for method 2 = _ thousand gallons^² ( round your answer to three decimals)

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: Forecast Method 1 Actual Demand Forecast Method 2 Actual Demand Week Week 1 0.85 0.68 1 0.80 0.68 2 1.08 0.98 2 1.21 0.98 3 0.95 0.96 3 0.92 0.96 4 1.22 1.04 4 1.15 1.04 The MAD for Method 1 = thousand gallons (round your response to three decimal places)

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