Question: point(s) possible Following are two weekly forecasts made by two different methods for the number of gallons of gasoline, in thousands, demanded at a
point(s) possible 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 0.85 0.72 2 1.05 0.98 3 0.95 1.00 4 1.22 0.97 Forecast Week Method 2 Actual Demand 1 0.77 0.72 2 1.20 0.98 3 0.88 1.00 4 1.11 0.97 The MAD for Method 1 = thousand gallons (round your response to three decimal places). 2 The mean squared error (MSE) for Method 1 = thousand gallons (round 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). e b re Next http
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
