ICLV
Posted: 23 Jul 2020, 15:11
Dear Apollo users,
I am new to Apollo and I am trying to set up an ICLV model. My model is fairly simple, one dependent binary variable (buy insurance not buy insurance) and around 5 independent latent variable, each of them with 3 or more indicator variables. The latent variables are latent construct that explain the decision of the subject. This is kind similar to the UTAUT framework.
I am having trouble in setting up the model, in particular in specifying the utility and the parameters to be estimated.
Any help?
I am new to Apollo and I am trying to set up an ICLV model. My model is fairly simple, one dependent binary variable (buy insurance not buy insurance) and around 5 independent latent variable, each of them with 3 or more indicator variables. The latent variables are latent construct that explain the decision of the subject. This is kind similar to the UTAUT framework.
I am having trouble in setting up the model, in particular in specifying the utility and the parameters to be estimated.
Any help?