Question: Assume that you have estimated 2 different models which have good properties with respect to other metrics. Model (1) has a SIC (Schwarz information criterion)
"Assume that you have estimated 2 different models which have good properties with respect to other metrics. Model (1) has a SIC (Schwarz information criterion) of 4.69 and an Akaike information criterion (AIC) of 4.58 , while model (2) has a SIC of 4.76 and an AIC of 4.61. Which of the following is correct?"
"According to both information criteria, Model 1 is preferred to Model 2"
"According to both information criteria, Model 2 is preferred to Model 1"
"SIC chooses model 2 over model 1, while AIC chooses model 1 over model 2"
"SIC chooses model 1 over model 2, while AIC chooses model 2 over model 1"
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
