Alternative Definitions of Complexity for Practical Applications of Model Selection Criteria

Table 4

Estimates of the various versions of the indicators for the regressor example of equations (18)–(20).

	BIC	AIC	BICMF	AICMF	BICBS	AICBS	BICPS	AICPS	BICAll	AICAll
Model 1	−1692	−1710	−1692	−1710	−1692	−1710	−1940	−1982	−1939	−1982
Model 2	−1693	−1735	−1325	−1342	−1725	−1737	−1703	−1720	−1335	−1352
Model selected	2	2	1	1	2	2	1	1	1	1
Correct model detection probability	∼50%	∼50%	100%	100%	∼95%	∼95%	100%	100%	100%	100%