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

Following are two weekly forecasts made by two
Following are two weekly forecasts made by two
Following are two weekly forecasts made by two different methods for the number of gallons of gasoline, in thousands, demanded at a local gasolice station. Also shown are actual demand levels, in thousands of gallons Week Week Forecast Method 1 0.95 1 05 0.97 120 2 3 4 Actual Demand 0.70 0.98 107 104 1 2 3 4 Forecast Method 2 030 121 0.88 1.12 Actual Demand 0.70 0.98 107 1.04 The MAD for Method 1 Ethousand gallons (round your response to three decimal places) The mean squared error (MSE for Metros 1 -thousand galon fround your response to five decima places) Enter your answer in gach of the answer boxes Week 1 2 3 4 Forecast Method 1 0.95 1.05 0.97 1.20 Actuai Demand 0.70 0.98 1.07 1.04 Week 1 2 3 4 Forecast Method 2 0.80 1.21 0.88 1.17 Actual Dernand 0.70 0.98 107 1.04 The MAD for Method 1 = thousand gallons (round your response to three decimal places) The mean squared error (MSE) for Method 1 = thousand gallons cround your response to three decimal places) The MAD for Method 2 - thousand gallons (round your response to three decimal places) The mean squared error (MSE) for Method 2-thousand gallons (round your response to three decimal places) Enter your answer in each of the answer boxes

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