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
- 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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