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 Week 1 2 3 4 Forecast Method 1 0.95 105 0.95 117 Actual Demand 0.68 100 Week 1 2 3 4 Forecast Method 2 0.82 1.20 Actual Demand 0.68 1.00 0.96 0.88 0.96 1.00 1.15 1.00 The MAD for Method 1 = 0.125 thousand gallons (round your response to three decimal places) The mean squared error (MSE) for Method 1 = 0.026 thousand gallons? (round your response to three decimal places) The MAD for Method 2 = thousand gallons (round your response to three decimal places)
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