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.
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:
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Part 2
a. The MAD for Method 1 = enter your response here thousand gallons (round your response to three decimal places).
b. The mean squared error (MSE) for Method 1=______thousands gallons^2(round your response to three decimal places)
c. The MAD for method 2=____thousands gallons (round your response to three decimal places)
d. The mean squared error (MSE) for Method 2=____thousands gallons^2 (round your response to three decimal places)
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