https://communities.sas.com/t5/Statistical-Procedures/Why-smaller-AIC-and-BIC-is-better-in-Time-series-Modelling/m-p/274169#M14448 <P>Dear Analytics Experts,</P> <P>&nbsp;</P> <P>Could you please tell me why we need to choose the model with smaller&nbsp;AIC and BIC in Time series Modelling? How to interpret the value of&nbsp;<SPAN>AIC and BIC?</SPAN></P> Tue, 31 May 2016 18:08:54 GMT Babloo 2016-05-31T18:08:54Z https://communities.sas.com/t5/Statistical-Procedures/Why-smaller-AIC-and-BIC-is-better-in-Time-series-Modelling/m-p/274169#M14448 <P>Dear Analytics Experts,</P> <P>&nbsp;</P> <P>Could you please tell me why we need to choose the model with smaller&nbsp;AIC and BIC in Time series Modelling? How to interpret the value of&nbsp;<SPAN>AIC and BIC?</SPAN></P> Tue, 31 May 2016 18:08:54 GMT https://communities.sas.com/t5/Statistical-Procedures/Why-smaller-AIC-and-BIC-is-better-in-Time-series-Modelling/m-p/274169#M14448 Babloo 2016-05-31T18:08:54Z https://communities.sas.com/t5/Statistical-Procedures/Why-smaller-AIC-and-BIC-is-better-in-Time-series-Modelling/m-p/274188#M14452 <P>Start with <A href="https://en.wikipedia.org/wiki/Akaike_information_criterion#How_to_apply_AIC_in_practice" target="_blank">Wikipedia</A>.</P> Tue, 31 May 2016 19:50:17 GMT https://communities.sas.com/t5/Statistical-Procedures/Why-smaller-AIC-and-BIC-is-better-in-Time-series-Modelling/m-p/274188#M14452 PGStats 2016-05-31T19:50:17Z