Reviewing the SmartPLS 4 software: the latest features and enhancements
Year:
2024
Type of item:
Articolo in Rivista
Tipologia ANVUR:
Articolo su rivista
Language:
Inglese
Referee:
No
Name of journal:
JOURNAL OF MARKETING ANALYTICS
ISSN of journal:
2050-3318
N° Volume:
12
Number or Folder:
1
Page numbers:
97-107
Keyword:
Partial least squares structural equation modeling; Partial least squares path modeling; PLS-SEM; Composite modeling; SmartPLS; Multivariate data analysis
Short description of contents:
Partial least squares structural equation modeling (PLS-SEM) is a highly popular multivariate data analysis method. The SmartPLS 3 software program helped many marketing researchers analyze the complex relationships between latent variables (i.e., mediation, moderation, etc.), which they measured by means of sets of observed variables. This program’s intuitive graphical user interface and various features, such as new metrics (e.g., HTMT, model fit indexes), advanced techniques (multigroup analysis, PLSpredict), and complementary techniques (e.g., confirmatory tetrad analysis, importance-performance map analysis), which impacted many business disciplines. SmartPLS 4 represents a significant leap forward in development with its completely revamped graphical user interface, faster processing speed for data estimation, and new model assessment features (i.e., cross-validated predictive ability test, endogeneity assessment, and a necessary condition analysis). This paper reviews SmartPLS 4 and discusses its various features, thereby providing researchers with concrete guidance that fits their analytical research goals.
Cheah, Jun-Hwa; Magno, Francesca; Cassia, Fabio,
Reviewing the SmartPLS 4 software: the latest features and enhancements«JOURNAL OF MARKETING ANALYTICS»
, vol. 12
, n. 1
, 2024
, pp. 97-107