Question: Theils U-statistic for errors, using a regression forecast, turns out to be = 1.00. What does that mean? Theil's U = (Standard error of the

Theils U-statistic for errors, using a regression forecast, turns out to be = 1.00. What does that mean? Theil's U = (Standard error of the forecast model being used) / (Standard error of the nave forecast model)

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