AIC (Akaike Information Criterion) and BIC (Bayesian Information Criterion) are commonly used model selection criteria for comparing different models and selecting the model that best fits the data. The goal of both criteria is to find a balance between the goodness of fit and complexity of the model to avoid overfitting or underfitting problems. AIC was proposed by Hirotugu Akaike. It is based on the concept of information theory and considers the balance between the goodness of fit of the model and the number of parameters. The calculation formula of AIC is AIC = -2log(L) 2k, where L represents the maximum likelihood estimate of the model and k represents the number of parameters of the model. BIC was proposed by Gideon E. Schwarz and is based on Bayesian
AIC and BIC are indicators used to weigh the fitness and complexity of the model and can be applied to various Statistical models, including clustering methods. However, the specific forms of AIC and BIC may differ due to different types of clustering methods and assumptions about data distribution.
The main difference between AIC and BIC is how they weigh the trade-off between goodness of fit and complexity.
AIC is based on the maximum likelihood principle, which penalizes models with a large number of parameters relative to the size of the data.
Formula of AIC
AIC=2k-2ln(L)
The goal is to find the model with the lowest AIC value to balance goodness of fit and complexity. where k is the number of model parameters, which is the maximum likelihood of model L.
BIC is similar to AIC, but it penalizes models with a larger number of parameters more severely.
BIC formula
BIC=kln(n)-2ln(L)
where k is the n number of parameters in the model, is the number of data points, and L is Maximum likelihood of the model. The goal is to find the model with the lowest BIC value, as this indicates that the model has the best balance of goodness of fit and complexity.
Generally speaking, BIC will penalize models with a large number of parameters more severely than AIC, so BIC can be used when the goal is to find a more parsimonious model.
In the context of model selection, a parsimonious model is a model that has a small number of parameters but still fits the data well. The goal of parsimonious models is to simplify the model and reduce complexity while still capturing the essential characteristics of the data. When providing similar levels of accuracy, parsimonious models are preferred over more complex models because it is easier to interpret, less prone to overfitting, and more computationally efficient.
It is also important to note that both AIC and BIC can be used to compare different models and choose the best model for a given data set.
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