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

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

a.

The nave method produces better results than the regression technique being used

b.

The nave method is as good as the regression forecasting technique being used.

c.

The regression forecasting technique being used is better than the nave method.

d.

E=mc2

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