Parsimony

Analyzing the goodness of fit of a GARCH model requires to find a balance between a good fit and using a simple and easy to understand model with few parameters.

Which decision rule does not lead to a parsimonious model?

Answer the question

50 XP

Possible Answers

Decision rule to choose the model with the lowest information criterion.
press1
Decision rule to choose the model for which all parameters are statistically significant.
press2
Decision rule to choose the model with the highest likelihood.
press3
Decision rule to choose the model that is most intuitive.
press4