The Formulae for the AIC and the BIC Are Different

question 37

Multiple Choice

The formulae for the AIC and the BIC are different. The

• A)AIC is preferred because it is easier to calculate
• B)BIC is preferred because it is a consistent estimator of the lag length
• C)difference is irrelevant in practice since both information criteria lead to the same conclusion
• D)AIC will typically underestimate p with non-zero probability

---

Definitions:

Work Focus

The concentration on job-related tasks and responsibilities, often leading to higher productivity and efficiency in professional settings.

Egalitarian Values

The belief in the equality of all people, emphasizing equal rights, opportunities, and treatment for all individuals.

Meritocratic Values

A system of governance or organizational management where appointments and responsibilities are accorded based on individual abilities and merit rather than on the basis of class privilege, nepotism, or favoritism.

Interdependent Task Approaches

Strategies or methods where the completion of tasks requires the collaborative effort of multiple people or teams, relying on each other's input and cooperation.