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
Method
What are the MAD and MSE for each method?
Part
The MAD for Method equalsenter your response here thousand litres round your response to three decimal places
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