Question: The MAD for Method 2= _____ thousand gallons (round answer to three decimal places) The mean squared error (MSE) for method 2= _____ thousand gallons^2

The MAD for Method 2= _____ thousand gallons (round answer to three decimal places)
The mean squared error (MSE) for method 2= _____ thousand gallons^2 (round answer 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: Week Week Forecast Method 1 0.90 1.02 Actual Demand 0.72 1.00 1 2 3 4 1 2 3 Forecast Method 2 0.80 1.20 0.92 1.15 Actual Demand 0.72 1.00 1.07 1.04 0.92 1.07 1.22 1.04 4 The MAD for Method 1 = 133 thousand gallons (round your response to three decimal places). The mean squared error (MSE) for Method 1 = .022 thousand gallons? (round your response to three decimal places)Step by Step Solution
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