Question: The MAD for Method 2= The MSE for Method 2= ??? Management of Productions/Operations Section 3 (Spring 2020) Homework: Chapter 4 Homework 4 of 7

The MAD for Method 2=

The MSE for Method 2=

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Management of Productions/Operations Section 3 (Spring 2020) Homework: Chapter 4 Homework 4 of 7 (7 complete) Score: 0.25 of 1 pt Problem 4.14 Following are two weekly forecasts made by two different methods for the number of gallons of gasoline, in thousands, demanded at a local gaso levels, in thousands of gallons: Week Week Forecast Method 1 0.95 1.08 0.95 1.20 Actual Demand 0.70 1.00 0.96 Forecast Method 2 0.80 1.19 0.88 1.11 Actual Demand 0.70 1.00 0.96 0.97 0.97 The MAD for Method 1 0.142 thousand gallons (round your response to three decimal places). The mean squared error (MSE) for Method 1 thousand gallons (round your response to three decimal places)

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