I have two equations of which I am trying to determine which is the better fit using AIC and BIC: a quadratic equation of the formula
$$\ y = β_{1}x^2+β_{2}x+β_{0}$$
and a fractional power equation with a formula of
$$\ y = β_{1}x^\frac{1}{2}+β_{0}$$
both of which I fitted using the lm()
function in R. The AIC/BICs of the two equations are very close and it is very likely which model represents the better fit will depend heavily on the number of predictor terms I use for k. I am trying to figure out what the most appropriate k values would be for the second equation. I know that k usually equals the number of predictor terms plus 1, so for the quadratic regression equation k=3 and for a linear regression k=2.
However, I cannot seem to find what the number of predictor terms should be for a fractional exponent. I would assume k=2, since there is only one predictor term, but that predictor term does not exhibit a straight linear relationship and I am not sure if I need to adjust k to account for that. I've tried looking up k values for AICs, but none of the references I have been able to find discuss how to handle power equations at all.