This function computes the Bayesian Information Criterion (BIC) for a fitted 'colsa' model object. The BIC is a model selection criterion that balances model fit and complexity.
Usage
# S3 method for class 'colsa'
BIC(object, ...)Details
The BIC is calculated as: $$-2 \times \log(\text{Likelihood}) + k \times \log(n)$$ where \(k\) is the number of parameters in the model, and \(n\) is the number of samples in the dataset.