A dot plot is produced for several related models showing for each model its LOOIC-value with its credible interval.
A dot plot is produced for several related models showing for each model its LOOIC-value with its credible interval.
The LOOIC-value (like the non-Bayesian AIC-value) is a useful measure of model performance for model prediction.
looicplot(looiclist, modnames, perc =90)
Arguments
looiclist: a list of character-valued names of rstanarm model objects
modnames: a character-valued vector of model names for each of the models
perc: the percentage credibility for the credible intervals (defaults to 90%)
Returns
None provided, but a printed list of looic-values, their standard errors, and credible intervals, and a dot plot with the same information are produced.
References
van Hulst, R. 2018. Evaluating Scientific Evidence. ms.