The Bayes-Schwarz Information Criterion (BIC)is Given by the Following Formula $\frac { \operatorname { SSR } ( p ) } { \mathrm { T } }$

question 40

Multiple Choice

The Bayes-Schwarz Information Criterion (BIC) is given by the following formula

• A)BIC(p)= ln [ \(\frac { \operatorname { SSR } ( p ) } { \mathrm { T } }\) ] + (p+1) \(\frac { \ln ( T ) } { T }\)
• B)BIC(p)= ln [ \(\frac { \operatorname { SSR } ( p ) } { \mathrm { T } }\) ] + (p+1) \(\frac { 2 } { T }\)
• C)BIC(p)= ln [ \(\frac { \operatorname { SSR } ( p ) } { \mathrm { T } }\) ] - (p+1) \(\frac { \ln ( T ) } { T }\)
• D)BIC(p)= ln [ \(\frac { \operatorname { SSR } ( p ) } { \mathrm { T } }\) ] × (p+1) \(\frac { \ln ( T ) } { T }\)

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Definitions:

Break-Even Point

The level of production or sales at which total revenues equal total expenses, resulting in neither profit nor loss.

Profit And Loss Statement

A financial statement that summarizes the revenues, costs, and expenses incurred during a specified period, usually a fiscal quarter or year.

Cost Volume Profit Analysis

A managerial accounting technique used to analyze how changes in cost and volume affect a company's operating income and net income.

Unit Variable Costs

The costs that vary directly with the volume of production, such as materials and labor, on a per-unit basis.