AIC
Acronym as in strong fondness
Word Combinations
Example:For the dataset we have, the model with the lowest AIC is considered the best fitting model.
Definition:A statistical method used for model selection.
From Akaike's Information Criterion (AIC)
Example:While AIC might favor slightly more complex models, BIC often prefers simpler models, especially with larger datasets.
Definition:An alternative to AIC, which also penalizes complex models but with a stronger penalty as the sample size increases.
From Bayesian Information Criterion (BIC)
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