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
The MAD for Method 1 =
0.128
thousand gallons (round your response to three decimal places).
*Part 3
The mean squared error (MSE) for Method 1 =
enter your response here
thousand gallons2
(round your response to three decimal places).
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