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 qallons Week Week Forecast Method 1 0.95 1.02 0.97 1.20 Actual Demand 0.70 0.98 1.00 Method 2 082 1.19 0.92 1.17 Actual Demand 0.70 0.98 1.00 100 The MAD for Method 1 = 0.130 thousand gallons (round your response to three decimal places) The mean squared error (MSE) for Method 1 = 18 thousand gallons (round your response to three decimal places)
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