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"

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