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:
Week
Forecasts
Actual Demand
Method 1
Method 2
1
0.900.90
0.800.80
0.720.72
2
1.021.02
1.191.19
1.051.05
3
0.920.92
0.920.92
1.071.07
4
1.221.22
1.111.11
0.970.97
What are the MAD and MSE for each method?
Part 2
The MAD for Method 1equals=enter your response here thousand litres (round your response to three decimal places).

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