Dear R-List
I have a question about how to interpret BIC as a goodness-of-fit statistic.
I was trying to use "EMclust" and other "mclust" library and found that BIC
was used as a goodness-of-fit statistic.
Although I know that smaller BIC indicates a better fit, it is not clear to
me how good a fit is by reading a BIC number. Is there a standard way of
interpreting a BIC value?
Thanks in advance.
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