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:
“Of the three forms of pride, that is to say pride proper, vanity, and conceit, vanity is by far the most harmless, and conceit by far the most dangerous. The meaning of vanity is to think too much of our bodily advantages, whether real or unreal, over others; while the meaning of conceit is to believe we are cleverer, wiser, grander, and more important than we really are.”
—John Cowper Powys (1872–1963)
“In love, we worry more about the meaning of silences than the meaning of words.”
—Mason Cooley (b. 1927)