Following are two weekly forecasts made by two different, Operation Management

Following are two weekly forecasts made by two different

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	FORECASTS		ACTUAL DEMAND
WEEK	METHOD 1	METHOD 2	ACTUAL DEMAND
1	0.90	0.80	0.70
2	1.05	1.20	1.00
3	0.95	0.90	1.00
4	1.20	1.11	1.00

What are the MAD and MSE for each method?

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Operation Management: Following are two weekly forecasts made by two different

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