Meaning of "U"
If U = 1 Then the "Naive" (NF1) Method is as good as the current Forecast Method
If U < 1 Then the Forecasting Method is better than the NF1 Method
If U > 1 Then the NF1 Method is better than the Forecasting Method. There is no need to waste time applying further Forecasting methods.
Read more about this topic: Theil Index
Famous quotes containing the words meaning of and/or meaning:
“All the moral laws are readily translated into natural philosophy, for often we have only to restore the primitive meaning of the words by which they are expressed, or to attend to their literal instead of their metaphorical sense. They are already supernatural philosophy.”
—Henry David Thoreau (1817–1862)
“Several classical sayings that one likes to repeat had quite a different meaning from the ones later times attributed to them.”
—Johann Wolfgang Von Goethe (1749–1832)