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
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 Week Method 1 Actual Demand 1 0.95 0.70 2 1.08 0.98 3 0.95 1.07 4 1.17 1.00 Forecast Actual Week Method 2 Demand 1 0.77 0.70 2 1.19 0.98 3 0.00 1.07. 4 1.11 1.00 The MAD for Method 1-thousand gallons (round your response to three decimal places) The mean squared error (MSE) for Method 1 The MAD for Method 2-thousand gallons The mean squared error (MSE) for Method 2 thousand gallons (round your response to three decimal places) (round your response to three decimal places) thousand gallons? (round your response to three decimal places)
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