I am interested in using Bayesian modele averaging as a selection creteria (BMA) vs AIC. I read that BMA is widely implemented in clustering models.
Suppose that we need to fit M models to a data and select the best among them using BMA. Suppose that BIC for each model is calculated. Then, I read that some author use BIC as weight for BMA. However, instead of using BIC directly, they substract maximum or minimum BIC from each BIC_M of each fitted model.
As here Use BIC or AIC as approximation for Bayesian Model Averaging
Suppose we have three fitted models. Suppose the BICs values as follows:
BIC_1 = -122 BIC_2 = - 130 BIC_3 = - 230
So, if we substract the lowest value which is BIC_3, then, BIC_ - BIC_3 = 0.
Is that Ok?. I mean if we substract the lowest BIC from itself we will have a zero.
Any help, please?