Question: Following are two weekly forecasts made by two different methods for the number of litres of gasoline, in thousands, demanded at a local gasoline station.

Following are two weekly forecasts made by two

Following are two weekly forecasts made by two different methods for the number of litres of gasoline, in thousands, demanded at a local gasoline station. Also shown are actual demand levels, in thousands of litres: Week 1 Forecasts Method 1 Method 2 0.85 0.77 1.02 1.20 0.92 0.90 1.22 1.17 Actual Demand 0.72 1.00 2 3 0.96 1.04 4 What are the MAD and MSE for each method? The MAD for Method 1 = thousand litres (round your response to three decimal places). 2 The mean squared error (MSE) for Method 1 = thousand litres? (round your response to three decimal places). The MAD for Method 2= thousand litres (round your response to three decimal places). 2 The mean squared error (MSE) for Method 2 = thousand litres? (round your response to three decimal places)

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