Fit indices for the one-to four-segment solutions
| Criteria | Number of segments | |||||||
|---|---|---|---|---|---|---|---|---|
| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | |
| AIC3 (modified AIC with factor 3) | 2924.2 | 2628.8 | 2395.4 | 2276.1 | 2249.2 | 2204.3 | 2163.9 | 2163.8 |
| CAIC (consistent AIC) | 2969.2 | 2723.1 | 2539.4 | 2469.6 | 2492.2 | 2496.8 | 2505.8 | 2567.1 |
| AIC4 (modified AIC with factor 4) | 2934.2 | 2649.6 | 2427.4 | 2319.1 | 2303.2 | 2269.4 | 2239.9 | 2262.6 |
| BIC (Bayesian information criterion) | 2959.2 | 2702.1 | 2507.4 | 2426.6 | 2438.2 | 2431.8 | 2429.8 | 2480.1 |
| MDL5 (minimum description length with factor 5) | 3219.2 | 3248.1 | 3339.4 | 3544.6 | 3842.2 | 4121.8 | 4405.8 | 4742.1 |
| Criteria | Number of segments | |||||||
|---|---|---|---|---|---|---|---|---|
| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | |
| AIC3 (modified AIC with factor 3) | 2924.2 | 2628.8 | 2395.4 | 2276.1 | 2249.2 | 2204.3 | 2163.9 | |
| CAIC (consistent AIC) | 2969.2 | 2723.1 | 2539.4 | 2492.2 | 2496.8 | 2505.8 | 2567.1 | |
| AIC4 (modified AIC with factor 4) | 2934.2 | 2649.6 | 2427.4 | 2319.1 | 2303.2 | 2269.4 | 2262.6 | |
| BIC (Bayesian information criterion) | 2959.2 | 2702.1 | 2507.4 | 2438.2 | 2431.8 | 2429.8 | 2480.1 | |
| MDL5 (minimum description length with factor 5) | 3248.1 | 3339.4 | 3544.6 | 3842.2 | 4121.8 | 4405.8 | 4742.1 | |
Source(s): Authors' computation
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