Definicja Theil coefficient

Co znaczy THEIL COEFFICIENT:

A measurement that indicates the quality of the forecast model used compared with the "primitive forecast."

The primitive forecast uses the last historical value for the forecast value.

The Theil coefficient is:

1 if the forecast model selected is of the same quality as the "primitive model" less than 1 if the forecast model selected is better than the "primitive model" greater than 1 if the forecast model selected is not as good as the "primitive model"