Parsimonious Model > Akaike’s Information Criterion
What is Akaike’s Information Criterion?
Akaike’s information criterion (AIC) compares the quality of a set of statistical models to each other. For example, you might be interested in what variables contribute to low socioeconomic status and how the variables contribute to that status. Let’s say you create several regression models for various factors like education, family size, or disability status; The AIC will take each model and rank them from best to worst. The “best” model will be the one that neither under-fits nor over-fits.
Although the AIC will choose the best model from a set, it won’t say anything about absolute quality. In other words, if all of your models are poor, it will choose the best of a bad bunch. Therefore, once you have selected the best model, consider running a hypothesis test to figure out the relationship between the variables in your model and the outcome of interest.
Akaike’s Information Criterion is usually calculated with software. The basic formula is defined as:
AIC = -2(log-likelihood) + 2K
- K is the number of model parameters (the number of variables in the model plus the intercept).
- Log-likelihood is a measure of model fit. The higher the number, the better the fit. This is usually obtained from statistical output.
For small sample sizes (n/K < ≈ 40), use the second-order AIC:
AICc = -2(log-likelihood) + 2K + (2K(K+1)/(n-K-1))
- n = sample size,
- K= number of model parameters,
- Log-likelihood is a measure of model fit.
- = Residual Sum of Squares/n,
- n = sample size,
- K is the number of model parameters.
Note that with this formula, the estimated variance must be included in the parameter count.
Delta Scores and Akaike Weights
AIC scores are reported as ΔAIC scores or Akaike weights. The ΔAIC Scores are the easiest to calculate and interpret.
The ΔAIC is the relative difference between the best model (which has a ΔAIC of zero) and each other model in the set. The formula is:
ΔAIC = AICi – min AIC.
- AICi is the score for the particular model i.
- min AIC is the score for the “best” model.
Burnham and Anderson (2003) give the following rule of thumb for interpreting the ΔAIC Scores:
- ΔAIC < 2 -> substantial evidence for the model.
- 3 > ΔAIC 7 -> less support for the model.
- ΔAIC > 10 -> the model is unlikely.
Burnham and Anderson (2003) Model Selection and Multimodel Inference: A Practical Information-Theoretic Approach. Springer Science & Business Media.
Stephanie Glen. "Akaike’s Information Criterion: Definition, Formulas" From StatisticsHowTo.com: Elementary Statistics for the rest of us! https://www.statisticshowto.com/akaikes-information-criterion/
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