Question: What is the MAD for method 1&2? What is the MSE for Method 1& 2? ? Following are two weekly forecasts made by two different

What is the MAD for method 1&2?

What is the MSE for Method 1& 2??

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 1 Forecast Method 1 0.95 1.08 0.95 1.22 Actual Demand 0.70 1.00 1.00 Forecast Method 2 0.82 1.19 0.92 Actual Demand 0.70 1.00 1.00 1.04 2 3 4 1.04 4 1.17 The MAD for Method 1 = thousand gallons (round your response to three decimal places)

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