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Why smaller AIC and BIC is better in Time series Modelling?

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Super Contributor
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Why smaller AIC and BIC is better in Time series Modelling?

Dear Analytics Experts,

 

Could you please tell me why we need to choose the model with smaller AIC and BIC in Time series Modelling? How to interpret the value of AIC and BIC?

Respected Advisor
Posts: 4,606

Re: Why smaller AIC and BIC is better in Time series Modelling?

Start with Wikipedia.

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