Question: If Theil's U is above 1 for some forecasting method, M , then Show answer choices forecasting method M is , on average, off by

If Theil's U is above 1 for some forecasting method, M, then
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forecasting method M is, on average, off by less than 1% from the actual values of the data.
forecasting method M is more accurate than the Naive 1 forecasting method.
forecasting method M is less accurate than the simple moving average
forecasting method M is less accurate than the Naive 1 forecasting method.

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