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The Impact of Missing Values on PLS, ML and FIML Model Fit

Grimm, Malek Simon; Wagner, Ralf

Abstract:
Structural equation modelling has become widespread in the marketing research domain due to the possibility of creating and investigating latent constructs. Today, several estimation methods are available, each with strengths and drawbacks. This study investigates how the established estimation methods of partial-least-squares (PLS), maximum likelihood (ML) and full-information maximum likelihood (FIML) perform with an increasing percentage of missing values (MVs). The research was conducted by investigating an adapted model of the European customer satisfaction index (ECSI). MVs were randomly generated with an algorithm. The performance of PLS, ML and FIML was tested with eight data sets that contained between 2.22% and 27.78% randomly generated MVs. It was shown that ML performs relatively poorly if the percentage of MVs exceeds 7%, while PLS performs satisfactorily if the percentage of MVs does not exceed 9%. FIML was shown to be mostly stable up to 17% MVs.

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Verlagsausgabe §
DOI: 10.5445/KSP/1000098011/04
Veröffentlicht am 18.08.2020
Cover der Publikation
Zugehörige Institution(en) am KIT Institut für Wirtschaftsinformatik und Marketing (IISM)
Publikationstyp Zeitschriftenaufsatz
Publikationsjahr 2020
Sprache Englisch
Identifikator ISSN: 2363-9881
KITopen-ID: 1000122804
Erschienen in Archives of Data Science, Series A
Band 6
Heft 1
Seiten P04, 17 S. online
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