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 station.

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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: Week Week 1 2 3 4 Forecast Method 1 0.90 1.08 0.97 1.22 Actual Demand 0.70 1.05 1.07 1.00 1 2 3 4 Forecast Method 2 0.77 1.20 0.88 1.11 Actual Demand 0.70 1.05 1.07 1.00 1. The MAD for Method 1? = thousand gallons 2. The mean squared error (MSE) for Method 1= 3. The MAD for method 2 = 4. The mean squared error (MSE) for Method 2=

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