Model Fit Includes the Following Steps:________

question 54

Multiple Choice

Model fit includes the following steps:________.

• A)Produce correlations or covariances among the items
• B)Estimate the covariance matrix between the observed variables based on the proposed measurement and structural models
• C)Model fit is determined by comparing how closely the estimated covariance matrix matches the observed covariance matrix
• D)Examine the residuals
• E)All of the above

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Definitions:

Cash Flow

The net amount of cash and cash-equivalents being transferred into and out of a business, important for assessing liquidity, flexibility, and overall financial performance.

Interest Rate

The charge applied by a lender to a borrower for the employment of assets, indicated as a portion of the principal.

Provincial Lottery

A government-regulated gambling competition operated at the provincial level, where players buy tickets for a chance to win prizes.