Model selection criteria help to choose the best regression model among many alternative models. The most widely used criteria include Akaike Information Criterion (AIC), Bayesian Information Criterion (BIC), and Schwarz's Bayesian Criterion (SBC).
Model selection criteria help to choose the best regression model among many alternative models. The most widely used criteria include Akaike Information Criterion (AIC), Bayesian Information Criterion (BIC), and Schwarz's Bayesian Criterion (SBC).