Question: part 2. a Following are two weekly forecasts made by two different methods for the number of gallons of gasoline, in thousands, demanded at a
part 2.
a 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 1.08 0.97 1.17 Actual Demand 0.72 0.98 0.96 1.00 Week 1 2. 3 4 Forecast Method 2 0.77 1.20 0.88 1.11 Actual Demand 0.72 0.98 0.96 1.00 The MAD for Mothod 1 - 12 thousand gallons (round your response to the decimal places) The mean squared error (MSC) for Method 1 -thousand gallons fround your raponse to throw decimal places)
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