Model selection and Akaike Information Criteria: An example from wine ratings and prices
نویسندگان
چکیده
منابع مشابه
Variable Selection with Akaike Information Criteria : a Comparative Study
In this paper, the problem of variable selection in linear regression is considered. This problem involves choosing the most appropriate model from the candidate models. Variable selection criteria based on estimates of the Kullback-Leibler information are most common. Akaike’s AIC and bias corrected AIC belong to this group of criteria. The reduction of the bias in estimating the Kullback-Leib...
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Following the work of Hurvich, Shumway, and Tsai (1990), we propose an “improved” variant of the Akaike information criterion, AICi, for state-space model selection. The variant is based on Akaike’s (1973) objective of estimating the Kullback-Leibler information (Kullback 1968) between the densities corresponding to the fitted model and the generating or true model. The development of AICi proc...
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Since the 1990s, the Akaike Information Criterion (AIC) and its various modifications/extensions, including BIC, have found wide applicability in econometrics as objective procedures that can be used to select parsimonious statistical models. The aim of this paper is to argue that these model selection procedures invariably give rise to unreliable inferences, primarily because their choice with...
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Since the 1990’s the Akaike Information Criterion (AIC) and its various modifications/extensions have found wide applicability in econometrics as objective procedures which can be used to select parsimonious statistical models. The aim of this paper is to argue that these model selection procedures invariably give rise to unreliable inferences primarily because their choice within a prespecifie...
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ژورنال
عنوان ژورنال: Wine Economics and Policy
سال: 2014
ISSN: 2212-9774
DOI: 10.1016/j.wep.2014.03.001