Time Series Analysis, Time Series Forecasting, Time Series Model, Machine Learning, Data Science.
value. This stops us overfitting to the training data. 6.2.2) Bayesian Information Criterion (BIC): BIC is similar to the AIC, models which fit the data better have lower BICs and the BIC penalizes overly complex models. The BIC penalizes additional model orders more than AIC and so the BIC will