Question: The MAD for method 2=____thousands gallons (round your response to three decimal places) The mean squared error (MSE) for Method 2=____thousands gallons^2 (round your response

The MAD for method 2=____thousands gallons (round your response to three decimal places)
The mean squared error (MSE) for Method 2=____thousands gallons^2 (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: Week Week 1 2 3 Forecast Method 1 0.90 1.08 0.95 1.17 Actual Demand 0.70 1.05 0.96 1.04 1 2 3 4 Forecast Method 2 0.82 1.19 0.92 1.15 Actual Demand 0.70 1.05 0.96 1.04 4 The MAD for Method 1 = 0.092 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)Step by Step Solution
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