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Table 2 BIC3(k) information criterion

From: The economic integration of Spain: a change in the inflation pattern

Number of factors (k)

CPI. 50 provinces 1955.1–1978.6

CPI. 50 provinces 1978.7–2014.4

0

3.1637

0.4657

1

2.5974a

0.2857a

2

2.8457

0.3059

3

3.1098

0.3279

4

3.3886

0.3515

5

3.6732

0.3781

  1. aRepresents the lowest value of the information criteria. See the text for the equation associated with the information criterion