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:

Week

Forecast Method 1

Actual

Demand

1

0.85

0.68

2

1.02

1.00

3

0.97

1.07

4

1.17

0.97

Week

Forecast Method 2

Actual

Demand

1

0.80

0.68

2

1.19

1.00

3

0.92

1.07

4

1.17

0.97

The MAD for Method 1 = blank thousand gallons (round your response to three decimal places).

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