I’m new to using looic, waic, and kfoldic so I have a simple question about interpreting the output of analysis:
kfoldic of model 1 = 48165, se = 233
kfoldic of model 0 = 49332, se = 225
model1 - model 0 = -1166, se = 77
Model 1 has one additional predictor over model 0. I’m wondering if given the change in ic, there is compelling reason to think that model 1 is a better model given the change in ic relative to the SE.