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Q. The following are two weekly forecasrs made by two different methods for the number of gallons of gasoline in thousands, demanded at a local gasoline station. lAlso shown are actual demand levels, in thoursands of gallons
Week Forecast Met1 Actual demand Week Forecast method 2 Actual demand
1 0.90 0.68 1 0.77 0.68
2 1.05 1.05 2 1.21 1.05
3 0.97 1.07 3 0.88 1.07
4 1.22 1.00 4 1.11 1.00
The MAD for Method 1= ........... thousands gallon(round resonse to 3 demical places)
The MSE for Method 1=.............. thousands gall (round resonse to 3 demical places)
The absolute deviation based on forecast developed using Method 2 add to ......... thousands gallons ( round ur answer to three decimal places)
MAD for Method 2 is .............
MSE for Method 2 is ................
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