Following are two weekly forecasts made by two different methods for the number of gatons of gasoline, in thousands, dem
Posted: Mon May 30, 2022 4:43 pm
Following are two weekly forecasts made by two different methods for the number of gatons of gasoline, in thousands, demanded at a local gasoline station. Also shown are actual demand levels, in thousands of gallons Forecast Method 1 0:65 Actual Demand 072 Week 1 Actual Demand Week Forecast Method 2 0.02 1 0.72 2 1.05 100 2 1.19 1.00 3 1.00 0.97 3 1.00 0.92 A 1.11 1.04 1.04 1:20 The MAD for Method 1 thousand gallons (ound your response to three decimal places) The mean squared enor (MSE) for Method 1 thousand gations" (round your response to three decimal places) The MAD for Method 2- thousand galions (round your response to three decimal places) The mean squared error (MSE) for Method 2 thousand gallons round your response to three decimal places)