Question: True or False. If false, please explain. a) Mean Square Error (MSE) is a more reliable model selection criterion than Akaike Information Criteria (AIC). (4
True or False. If false, please explain. a) Mean Square Error (MSE) is a more reliable model selection criterion than Akaike Information Criteria (AIC). (4 marks) b) When log likelihood is used as a diagnostic statistic, the bigger the log likelihood the better. (4 marks) c) The higger the Durbin-Watson statistic is the hetter. (4 marks)
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