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:
“The meaning of today will not be clear until tomorrow.”
—Mason Cooley (b. 1927)
“Out in Hollywood, where the streets are paved with Goldwyn, the word sophisticate means, very simply, obscene. A sophisticated story is a dirty story. Some of that meaning was wafted eastward and got itself mixed up into the present definition. So that a sophisticate means: one who dwells in a tower made of a DuPont substitute for ivory and holds a glass of flat champagne in one hand and an album of dirty post cards in the other.”
—Dorothy Parker (18931967)