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Psychological Methods· 2012Q1

Model selection and psychological theory: A discussion of the differences between the Akaike information criterion (AIC) and the Bayesian information criterion (BIC).

Scott Vrieze

Short summary

The BIC consistently selects the true latent variable model when it's an option, while the AIC prioritizes prediction accuracy, choosing the model that minimizes estimation error.

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Field: Computer Networks and Communications

Computer Networks and CommunicationsComputer Science