Dynamic latent variables path models : an alternative PLS estimation
- In this paper a partial least squares (PLS) approach to dynamic modelling with latent variables is proposed. Let Y be a matrix of manifest variables and H the matrix of the corresponding latent variables. And let H = BH+ε be a structural PLS model with a coefficient matrix B. Then this model can be made a dynamic one by substituting for B a matrix F = B + CL containing the lag operator L. Then the structural dynamic model H = FH+ε is formally estimated like an ordinary PLS model. In an exploratory way the model can be used for forecasting purposes. The procedure is being programmed in ISP.
Author details: | Hans Gerhard StroheGND |
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URN: | urn:nbn:de:kobv:517-opus-29498 |
Publication series (Volume number): | Statistische Diskussionsbeiträge (01) |
Publication type: | Monograph/Edited Volume |
Language: | English |
Publication year: | 1995 |
Publishing institution: | Universität Potsdam |
Release date: | 2009/04/16 |
Tag: | PLS; dynamic models; path models |
Organizational units: | Wirtschafts- und Sozialwissenschaftliche Fakultät / Wirtschaftswissenschaften |
DDC classification: | 3 Sozialwissenschaften / 31 Statistiken / 310 Sammlungen allgemeiner Statistiken |
License (German): | Keine öffentliche Lizenz: Unter Urheberrechtsschutz |