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 Forecast Method 1 Actual Demand

1 0.80 0.70 2 1.20 1.05 3 0.88 1.07 4 1.17 1.00

Week Forecast Method 2 Actual Demand 1 0.85 0.70 2 1.02 1.05 3 0.95 1.07 4 1.20 1.00

The MAD for Method 1 =

thousand gallons (round your response to three decimal places)

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