Having at Least Three Observed Variables for Each Latent Construct

question 78

True/False

Having at least three observed variables for each latent construct is a way to help make sure that the model is identified.

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Definitions:

Marginal Costs

The added cost of producing one additional unit of production.

Units Produced

The total number of units of product that a company manufactures over a specified period.

Costs

An economic metric that considers the total expenditure of resources, including money, time, and labor, to achieve a particular goal or produce a good or service.

Allocation Method

A strategy or system used for distributing resources or costs among various projects, departments, or segments.