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 1 (116.47 KiB) Viewed 25 times

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 0.90 1.08 0.92 1.17 Actual Demand 0.70 0.98 1.07 0.97 Week 1 2 3 4 Forecast Method 2 0.82 1.19 0.88 1.15 Actual Demand 0.70 0.98 1.07 0.97 The MAD for Method 1 = 0.163 thousand gallons (round your response to three decimal places). The mean squared error (MSE) for Method 1 = 0.028 thousand gallons² (round your response to three decimal places). The MAD for Method 2 = 0.175 thousand gallons (round your response to three decimal places). The mean squared error (MSE) for Method 2 = thousand gallons² (round your response to three decimal places).