Following are two weekly forecasts made by two different methods for the number of

Question: 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 galone Forecast Method 1 0.90 Actual Demand Week Week 1 Forecast Method 2 0.80 Actual Demand 0.72 1 0.72 1.05 0.98 2 1.21 0.98 3 0.97 1.07 3 0.90 1.07See the answerSee the answerSee the answer done loadingShow transcribed image textPLEA…View the full answerTranscribed image text: 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 galone Forecast Method 1 0.90 Actual Demand Week Week 1 Forecast Method 2 0.80 Actual Demand 0.72 1 0.72 1.05 0.98 2 1.21 0.98 3 0.97 1.07 3 0.90 1.07 4 1.20 1.00 4 1.17 1.00 The MAD for Method 1-thousand gallons (round your response to three decimal places) The mean squared error (MSE) for Method 1-thousand gallons (round your response to three decimal places) thousand gallons (round your response to three decimal places) The MAD for Method 2 The mean squared error (MSE) for Method 2-thousand gallons (round your response to three decimal places)