Question: Following are two weekly forecasts made by two different methods for the number of litres of gasoline, in thousands, demanded at a local gasoline station.


Following are two weekly forecasts made by two different methods for the number of litres of gasoline, in thousands, demanded at a local gasoline station. Also shown are actual demand levels, in thousands of litres: What are the MAD and MSE for each method? The MAD for Method 1 = thousand litres (round your response to three decimal places). What are the MAD and MSE for each method? The MAD for Method 1= thousand litres (round your response to three decimal places). The mean squared error (MSE) for Method 1= thousand litres 2 (round your response to three decimal places). The MAD for Method 2 = thousand litres (round your response to three decimal places). The mean squared error (MSE) for Method 2 = thousand litres 2 (round your response to three decimal places)
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