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Following are two weekly lorecasts made by two dilferent methods for the number of gallons of gasoline, in thousands, demanded at a local gasoline station.
Following are two weekly lorecasts made by two dilferent methods for the number of gallons of gasoline, in thousands, demanded at a local gasoline station. Also shown are aciual demand levels, in thousands of gallons: lE '21 Forecast Actual Forecast Actual Week Method 1 Demand Week Method 2 Demand 1 0,95 [1,70 1 0 Bl] 0,70 2 1,112 1,01] 2 121 1,01] 3 [1,97 1,0? 3 I] 32 1,1]? 4 1.20 0.9? 4 1.15 0.9? The MAD tot Method 1 = thousand gallons (round your response to three decimal places}. The mean equated error (MSE) for Method 1 = thousand gallons2 {round your response to fhree decimal places). The MAD fot Method 2 = thousand gallons (round your response to three demmal places) The mean equated erroI [MSE] for Method 2 = thousand gallons2 {round your response to flame decimal places)
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