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Following are two weekly forecasts made by two different methods for the number of gallons of gasoline, in thousands, demanded at a local gasoline
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 Forecast Method 1 Actual Demand 1 0.90 0.70 2 1.02 0.98 3 0.95 1.00 4 1.22 0.97 The MAD for Method 1 w Week Forecast Method 2 Actual Demand 0.80 0.70 2 121 0.98 3 0.90 1.00 4 1.17 0.97 thousand gallons (round your response to three decimal places).
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