Collaborative Data Science
The Bayesian Information Criterion (BIC) is a statistical measure used to evaluate the fit of a model while considering its complexity. It is particularly useful in model selection, where it balances the likelihood of the model against the number of parameters used, penalizing more complex models to avoid overfitting. The lower the BIC value, the better the model is considered, making it an important tool in unsupervised learning for identifying optimal structures in data.
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