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

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 gal Week Week 1 2 3 4 Forecast Method 1 0.85 1.08 0.97 1.17 Actual Demand 0.68 1.00 1.07 1.04 Forecast Method 2 0.80 1.21 0.92 1.15 1 2 3 4 Actual Demand 0.68 1.00 1.07 1.04 1 The MAD for Method 1 = thousand gallons (round your response to three decimal places)

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