Explain the root mean square error of approximation (RMSEA) and ...

[Mimi]

Explain the root mean square error of approximation (RMSEA) and how it is used to determine fit.

Question 2

Diary panel data are data gathered by households that have agreed to record their consumption behavior over an extended period of time.
 
 Indicate whether the statement is true or false

[C.mcnichol98]

Answer to Question 1

The root mean square error of approximation (RMSEA) provides an indicator of the average squared residual resulting from fitting the model. While considerable debate exists over the values that are associated with good fit, values below 0.08 suggest reasonable fit for models with small samples (less than 200) and acceptable CFIs, and values below 0.07 suggest reasonable fit for models with large samples and acceptable CFIs.

Answer to Question 2

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[Mimi]

Thanks for the timely response, appreciate it

[Dominic]

Wow, this really help