The Bayes factor calculation which I did is the analytical result for which BIC is an approximation (see this sequence). Generally BIC is a large N approximation but in this case they actually do end up being fairly similar even with low N.
The Bayes factor calculation which I did is the analytical result for which BIC is an approximation (see this sequence). Generally BIC is a large N approximation but in this case they actually do end up being fairly similar even with low N.