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One limitation of PSM is that it does not account for the unobservable variables directly; rather, it assumes that selection is based on observable variables.
The review was restricted to methods based on observable variables and IRT models; methods based on the common factor model were not included.
Furthermore, different statistical test procedures were developed to examine MI, some of which are based on observable variables, while others are based on latent variable models such as item response theory (IRT) or the common factor model [ 8, 9].
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Latent class analysis (LCA) is a person-centered approach that divides a population into mutually exclusive and exhaustive latent classes, based on observable indicator variables.
This assumption implies that the selection is solely based on observable characteristics, and variables that influence treatment assignment (adaptation decision is made by the household) and potential outcomes (food security) are simultaneously observed (Getachew et al. 2011b).
In effect, it will become your new gut instinct, but one based on observable facts and measurable data.
Markets work best when benchmark rates are based on observable transactions.
It's also harder for an employee to argue with behavioral feedback because it's based on observable acts.
A method for inverse engineering decision-makers' preferences based on observable behaviour is designed.
The stages are based on observable and measurable external characteristics like genital size and amount and length of pubic hair.
It is shown that the regime-switching approach based on MSAR models significantly outperforms those based on observable regime sequences.
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