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

The MAD for Method 1 = __ thousand gallons (round your response to three decimal places)
The mean squared error (MSE) for Method 1 =__ thousand gallons2
(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 gallons2
(round your response to three decimal places).
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: O Week Week 1 2 3 4 Forecast Method 1 0.85 1.05 0.92 1.20 Actual Demand 0.70 1.00 1.07 1.04 1 2 3 Forecast Method 2 0.82 1.19 0.90 1.11 Actual Demand 0.70 1.00 1.07 1.04 4 The MAD for Method 1 = thousand gallons (round your response to three decimal places)Step by Step Solution
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