PLS-SEM Midterm Exam Study Set Questions and Answers Grade A+ 2023

What are the two types of analysis tools? - -Exploratory and confirmatory. Exploratory helps develop a model. Confirmatory confirms a theory. -What are exploratory analysis tools? - -1st generation tools include Cluster analysis, EFA, and Multi dimensional scaling. 2nd generation tools include PLS-SEM, which is non-parametric and OLS estimation. -What are confirmatory analysis tools? - -1st generation tools include ANOVA, Logistic Regression, and Multiple Regression. 2nd generation tools include CB-SEM with CFA, which is normal distributions, parametric, and ML estimation. -Define SEM - -Structural equation modeling. It is Soft modeling and has Latent variable modeling. It is multivariate. Enables the examination of relationships among measured variables and latent variables.