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Table 3 Fit Statistics for Candidate Models (MA claims)

From: Accounting for the relationship between per diem cost and LOS when estimating hospitalization costs

Model Fit Statistics
  AIC BIC
(A) Piecewise linear with knots at 14 and 30 days 7,666.8 7,920.6
(B) Piecewise linear with a knot at 14 days 7,664.9 7,868.0
(C) Piecewise linear with a knot at 14 days and horizontal tail 7,665.3 7,803.1
(D) Piecewise quadratic with a knot at 14 days 7,626.9 7,960.6
(E) Piecewise quadratic with a knot at 14 days and horizontal tail 7,621.4 7,824.5
(F) Logarithmic 7,666.0 7,803.8
(G) Constant (Traditional) 9,605.0 9,677.6
  1. AIC: Akaike Information Criterion BIC: Bayesian Information Criterion.