What does it mean if the BIC value is small?
A)That the model is ill-fitting
B)That the model used is incorrect
C)That the model is better-fitting
D)None of the above

Name: What does it mean if the BIC value is small? A)That the model is ill-fitting B)That the model used is incorrect C)That the model is better-fitting D)None of the above
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Question

Quizplus · Accepted Answer

A smaller BIC value indicates that the model is better-fitting, as it suggests a good balance between model complexity and fit to the data.

What Does It Mean If the BIC Value Is Small