Question: 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.

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. What is the MSE for each method? Provide your answer with 3 decimal points. Method 1: Method 2: Forecast Week Method 1 Method 2 Actual Demand 1 0.9 0.8 0.7 2 1.05 1.2 1 3 0.95 0.9 1 4 1.20 1.11 1

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