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Define model fit, model comparison, and model parsimony. 

   Define model fit, model comparison, and model parsimony.
A Beginner's Guide to Structural Equation Modeling
A Beginner's Guide to Structural Equation Modeling
Randall E.… 3rd Edition
Chapter 5, Problem 2 ↓

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Model fit refers to how well a statistical model describes the data it is intended to represent. It assesses the degree to which the predicted values from the model align with the observed data. Common metrics for evaluating model fit include R-squared, root  Show more…

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Define model fit, model comparison, and model parsimony.
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