PLS-SEM Midterm Exam Study Set Questions and Answe
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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 i...