Table 2.
Model | BIC | Classification error (%) | R 2 |
---|---|---|---|
1 cluster | 12,519 | 0.0 | 1 |
2 clusters | 12,329 | 6.6 | 0.81 |
3 clusters | 12,321 | 9.6 | 0.79 |
4 clusters | 12,359 | 12.5 | 0.75 |
5 clusters | 12,415 | 14.8 | 0.73 |
Abbreviation: BIC, Bayesian Information Criterion.
Classification error, estimated classification error based on the posterior probabilities of individual cluster assignments.
R 2, explained variance.
The three‐cluster model resulted in the lowest BIC across five independent folds.