BIC and alternative Bayesian information criteria in the selection of structural equation models (original) (raw)

Bollen, Kenneth A., Harden, Jeffrey J., Ray, Surajit ORCID logoORCID: https://orcid.org/0000-0003-3965-8136 and Zavisca, Jane(2014) BIC and alternative Bayesian information criteria in the selection of structural equation models.Structural Equation Modeling: A Multidisciplinary Journal, 21(1), pp. 1-19. (doi: 10.1080/10705511.2014.856691)

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Abstract

Selecting between competing structural equation models is a common problem. Often selection is based on the chi-square test statistic or other fit indices. In other areas of statistical research Bayesian information criteria are commonly used, but they are less frequently used with structural equation models compared to other fit indices. This article examines several new and old information criteria (IC) that approximate Bayes factors. We compare these IC measures to common fit indices in a simulation that includes the true and false models. In moderate to large samples, the IC measures outperform the fit indices. In a second simulation we only consider the IC measures and do not include the true model. In moderate to large samples the IC measures favor approximate models that only differ from the true model by having extra parameters. Overall, SPBIC, a new IC measure, performs well relative to the other IC measures.

Item Type: Articles
Keywords: Bayes factor, structural equation models, BIC, chi-square tests, model fit, model selection
Status: Published
Refereed: Yes
Glasgow Author(s) Enlighten ID: Ray, Professor Surajit
Authors: Bollen, K. A., Harden, J. J., Ray, S., and Zavisca, J.
Subjects: H Social Sciences > HM SociologyQ Science > QA Mathematics
College/School: College of Science and Engineering > School of Mathematics and Statistics > Statistics
Journal Name: Structural Equation Modeling: A Multidisciplinary Journal
ISSN: 1070-5511
ISSN (Online): 1532-8007

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Deposit and Record Details

ID Code: 90706
Depositing User: Professor Surajit Ray
Datestamp: 06 Feb 2014 09:35
Last Modified: 23 Sep 2021 14:33
Date of first online publication: 2014