Question: The MAD for Method 1 = 0.135 thousand gallons (round your response to three decimal places). The mean squared error (MSE) for Method 1 =

The MAD for Method 1 = 0.135 thousand gallons
The MAD for Method 1 = 0.135 thousand gallons
The MAD for Method 1 = 0.135 thousand gallons (round your response to three decimal places). The mean squared error (MSE) for Method 1 = 0.027 thousand gallons(round your response to three decimal places). The MAD for Method 2 = 0.130 thousand gallons (round your response to three decimal places). The mean squared error (MSE) for Method 2 = 0.021 thousand gallons? (round your response to three decimal places). Following are two weekly forecasts made by two different methods for the number of galons of gasoline, in thousanda, demanded at a local gasoline station. Also shown are actual demand levels in thousands of gallons Week Week 1 2 3 4 Forecast Method 1 085 1.02 0.97 1.22 Actual Demand 0.72 1.05 1.00 097 Forecast Method 2 0.02 1.19 0.90 1.15 Actual Demand 0.72 1.05 1.00 0.97 2 3 4

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