evidence: Evidence ratio for model comparison with AIC or AICc
Description
The evidence ratio $$\frac{1}{exp(-0.5 * (AIC2 - AIC1))}$$ is calculated for either two fitted models or two numerical values.
Models can be compared that are not nested and where the f-test on residual-sum-of-squares is not applicable.
Usage
evidence(x, y, type = c("AICc", "AIC"))
Arguments
x
a fitted object or numerical value.
y
a fitted object or numerical value.
type
Bias-corrected (AICc, default) or original (AIC) versions of the Akaike Information Criterion.
Value
A value of the first model x being more likely than the second model y.
If large, first model is better. If small, second model is better.
Details
Small differences in AIC values can mean substantial more 'likelihood' of one model over the other.
For example, a model with AIC = -130 is nearly 150 times more likely than a model with AIC = -120.