Following are two weekly forecasts made by two different methods for the number of gallons of gasoline, in thousands, de
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Following are two weekly forecasts made by two different methods for the number of gallons of gasoline, in thousands, de
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 1 2 3 4 Forecast Method 1 0.95 1.08 0.95 1.20 Actual Demand 0.68 1.00 0.96 0.97 Week 1 2 3 4 Forecast Method 2 0.77 1.21 0.92 1.17 Actual Demand 0.68 1.00 0.96 0.97 ا ل ظ The MAD for Method 1 = 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). The MAD for Method 2-thousand gallons (round your response to three decimal places). The mean squared error (MSE) for Method 2 = thousand gallons (round your response to three decimal places),
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