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An Alternative Approach to AIC and Mallow's Cp Statistic-Based Relative Influence Measures (RIMS) in Regression Variable Selection
Outlier detection is an important data screening type. RIM is a mechanism of outlier detection that identifies the contribution of data points in a regression model. A BIC-based RIM is essentially a technique developed in this work to simultaneously detect influential data points and select optimal predictor variables. It is an addition to the body of existing literature in this area of study to both having an alternative to the AIC and Mallow's Cp Statistic-based RIM as well as conditions of no influence, some sort of influence and perfectly single outlier data point in an entire data set which are proposed in this work. The method is implemented in R by an algorithm that iterates over all data points; deleting data points one at a time while computing BICs and selecting optimal predictors alongside RIMs. From the analyses done using evaporation data to compare the proposed method and the existing methods, the results show that the same data cases selected as having high influences by the two existing methods are also selected by the proposed method. The three methods show same performance; hence the relevance of the BIC-based RIM cannot be undermined. to the AIC and Mallo
Relative Influence Measure (RIM), BIC, AIC, Mallow’s Cp Statistic, Cook’s Distance.
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