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:
“Show me one thing here on earth which has begun well and not ended badly. The proudest palpitations are engulfed in a sewer, where they cease throbbing, as though having reached their natural term: this downfall constitutes the heart’s drama and the negative meaning of history.”
—E.M. Cioran (b. 1911)
“Unlike Freud, Jung did not believe that a dream is a mask for a meaning already known but deceitfully withheld from the conscious mind. In his view, dreams were communication, ideas expressed not always straightforwardly, but in the best way possible within the limits of the medium. Dreaming, in Jung’s psychology, is a constructive process.”
—Jeremy Campbell (b. 1931)