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

Rhodochrosite | Level 12

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

Posted 05-31-2016 02:08 PM (1903 views)

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?

1 REPLY 1

Opal | Level 21

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

Posted 05-31-2016 03:50 PM (1898 views) | In reply to Babloo

Start with Wikipedia.

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

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

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