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LM101-077: How to Choose the Best Model using BIC
LM101-077: How to Choose the Best Model using BIC
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Length:
24 minutes
Released:
May 2, 2019
Format:
Podcast episode
Description
In this 77th episode of www.learningmachines101.com , we explain the proper semantic interpretation of the Bayesian Information Criterion (BIC) and emphasize how this semantic interpretation is fundamentally different from AIC (Akaike Information Criterion) model selection methods. Briefly, BIC is used to estimate the probability of the training data given the probability model, while AIC is used to estimate out-of-sample prediction error. The probability of the training data given the model is called the “marginal likelihood”. Using the marginal likelihood, one can calculate the probability of a model given the training data and then use this analysis to support selecting the most probable model, selecting a model that minimizes expected risk, and support Bayesian model averaging. The assumptions which are required for BIC to be a valid approximation for the probability of the training data given the probability model are also discussed.
Released:
May 2, 2019
Format:
Podcast episode
Titles in the series (85)
LM101-006: How to Interpret Turing Test Results: Episode Summary: In this episode, we briefly review the concept of the Turing Test for Artificial Intelligence (AI) which states that if a computer.s behavior is indistinguishable from that of the behavior of a thinking human being, by Learning Machines 101