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 stabion.
Following are two weekly forecasts made by two different methods for the number of gallons of gasoline, in thousands, demanded at a local gasoline stabion. Also shown are actual demand levela, in thousands of gallons: The MAD for Method 1 = thousand gallons (round your response to three decimal placea) The MAD for Method 2 = thousand gallons (round your maponse to three decimal places). The mean squared error (MSte) for Method 2= thousand gallons 2 (round your response to three decimal placke)
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
