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 sick are parasites on society. In a certain state it is indecent to go on living. To continue vegetating in cowardly dependence on physicians and machinations once the meaning of life, the right to life, has been lost ought to occasion a deep contempt within society.”
—Friedrich Nietzsche (18441900)
“All my life I believed I knew something. But then one strange day came when I realized that I knew nothing, yes, I knew nothing. And so words became void of meaning ... I have arrived too late at ultimate uncertainty.”
—Ezra Pound (18851972)