Question: ch. 4 - 18 Following are two weekly forecasts made by two different methods for the number of gallons of gasoline, in thousands, demanded at

ch. 4 - 18

ch. 4 - 18 Following are two weekly forecasts

ch. 4 - 18 Following are two weekly forecasts

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 1 2 2 3 0.90 1.05 0.95 1.17 0.70 1.00 1.07 1.04 0.80 1.19 0.88 1.15 0.70 1.00 1.07 1.04 3 4 4 The MAD for Method 1 = 0.128 thousand gallons (round your response to three decimal places). The mean squared error (MSE) for Method 1 = 0.021 thousand gallons? (round your response to three decimal places). The MAD for Method 2 = 0.140 thousand gallons (round your response to three decimal places). The mean squared error (MSE) for Method 2 = 0.020 thousand gallons? (round your response to three decimal places)

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