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“Compared to CB-SEM, PLS-SEM emphasizes prediction, while simultaneously relaxing the demands regarding the data and specification of relationships. PLS-SEM aims at maximizing the endogenous latent variables’ explained variance by estimating partial model relationships in an iterative sequence of ordinary least squares regressions.”

Joseph F. Hair Jr., Partial Least Squares Structural Equation Modeling (PLS-SEM) Using R: A Workbook
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