Optimality criterion

In statistics, an optimality criterion provides a measure of the fit of the data to a given hypothesis, to aid in model selection. A model is designated as the "best" of the candidate models if it gives the best value of an objective function measuring the degree of satisfaction of the criterion used to evaluate the alternative hypotheses.

Optimality criterion

In statistics, an optimality criterion provides a measure of the fit of the data to a given hypothesis, to aid in model selection. A model is designated as the "best" of the candidate models if it gives the best value of an objective function measuring the degree of satisfaction of the criterion used to evaluate the alternative hypotheses.