How can you assess the model fit in SmartPLS when you have a dataset with a large number of variables and indicators, and some of these variables may be highly correlated with each other?
Hi there. It appears that your study model has a significant variance inflation factor (VIF) that needs to be addressed before proceeding further. If you are using SmartPLS 3.0 and above, the software offers various fit indices, such as the standardized root mean square residual (SRMR), goodness-of-fit index (GoF), and normed fit index (NFI), which can be utilized to evaluate the adequacy of the model and compare it with other models.