evidence: Evidence ratio for model comparisons with AIC, AICc or BIC
Description
The evidence ratio $$\frac{1}{exp(-0.5 \cdot (IC2 - IC1))}$$ is calculated for one of the information criteria \(IC = AIC, AICc, BIC\) either from 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("AIC", "AICc", "BIC"))
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.
Arguments
x
a fitted object or numerical value.
y
a fitted object or numerical value.
type
any of the three Information Criteria AIC, AICc or BIC.
Author
Andrej-Nikolai Spiess
Details
Small differences in 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.