Jeremy: Is there a penalty for the number of parameters? Or is LOO cross-validation considered a robust way to compare models with different numbers of parameters? We need to explain why LOOIC is a good choice for our study, which involves comparing models that have very different numbers of parameters.
Jeremy: Is there a penalty for the number of parameters? Or is LOO cross-validation considered a robust way to compare models with different numbers of parameters? We need to explain why LOOIC is a good choice for our study, which involves comparing models that have very different numbers of parameters.