Also called the <a href="schwarz%20criterion.html">Schwarz</a> criterion. Like the <a href="search.pl?p=AIC">AIC</a>, the BIC is a criterion used to select the order of time-series models. Proposed by Schwarz (1978), it sometimes leads to less complex models than the AIC. Several studies have found the BIC to be a better model selection criterion than the AIC.<o:p></o:p></P>
 <ul>
   <li><SPAN Plous, 
S. (1993), <I>Schwarz, G. (1978), “Estimating the dimensions of a 
model,” <EM>Annals of Statistics</EM>, 6, 461-464.</SPAN></li>
 </ul>