A Comparison of Current PLS Path Modeling Software: Features, Ease-of-Use, and Performance
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TL;DR
Estimation results for different simulated data sets, each focusing on a specific issue (sign changes and bootstrapping, missing data, and multi-collinearity), are compared.
Abstract
After years of stagnancy, PLS path modeling has recently attracted renewed interest from applied researchers in marketing. At the same time, the availability of software alternatives to Lohmöller's LVPLS package has considerably increased (PLS-Graph, PLS-GUI, SPAD-PLS, SmartPLS). To help the user to make an informed decision, the existing programs are reviewed with regard to requirements, methodological options, and ease-of-use; their strengths and weaknesses are identified. Furthermore, estimation results for different simulated data sets, each focusing on a specific issue (sign changes and bootstrapping, missing data, and multi-collinearity), are compared.