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 a Week 1 2 3 4 Forecast Method 1 0.95 1.08 0.95 122 Actual Demand 0.68 1.05 1.00 1.00 Week 1 2 3 Forecast Method 2 0.77 1.21 0.88 Actual Demand 0.68 1.05 1.00 1.00 The MAD for Method 1 -thounend geltona (round your response to three decima/ plocon) The mean squared error (MBE) for Method - thousand gallone (round your response to the chcima ploca), The MAD for Method 2 - thousand guiona (round your response to three decimal placea), The mean squared error (MSE) tor Method 2 = thousand gallons (round your response to three decimal places)

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

The MAD for Method 1=______thousands gallons (round your response to three decimal places) The mean squared error (MSE) for Method 1=______thousands gallons^2(round your response to three decimal...

11 of 13 (1 complete) This Quiz: 100 pts possible Ponential This Question: 12 pts tinue wit A Question Help Following are two weekly forecasts made by two different methods for the number of gallons...

= Homework: Ch.4-FC Question 9, Problem 4.14 Part 3 of 4 HW Score: 54.22%, 9.22 of 17 points Points: 0.5 of 1 Following are two weekly forecasts made by two different methods for the number of...

What is the MAD for method 1? What is the MSE for method 1? What is the MAD for method 2? What is the MSE for method 2? Following are two weekly forecasts made by two different methods for the number...

second picture is to show steps X Problem 4.14 Question He Following are two weekly forecasts made by two different methods for the number of gallons of gasoline, in thousands, demanded at a local...

Score: 0 of 1 pt 1 of 5 (complete Problem 4.14 Following are two weekly forecasts made by two different methods for the number of gallons of gasoline, in thousands, demanded at a local gasoline...

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...

art 2 of Week 1 2 3 4 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...

With reference to Problem 19, if pillars are square and rooms (entries and crosscuts) are 9 m wide, what size of pillars is indicated when the pillar safety factor is 2?

The date is Friday July 1, 2022. Your company, the Coastal Petroleum Company, is faced with a critical decision, and your boss (who was instrumental in your hiring at Coastal) has been bragging about...

7. (LO5) Explain why a put option on a bond is conceptually the same as a call option on interest rates.

Case Greenbuilders Pte Lid ("GPL") is a local construction company which specialises in providing bespoke Design and Build construction services for private residential homes that are designed to be...