![]() The basic PLS algorithm, as suggested by Lohmöller (1989) and as implemented in SmartPLS, includes the following three stages: The weight vectors obtained at convergence satisfy fixed point equations (see Dijkstra, 2010, for a general analysis of such equations and ensuing convergence issues). The PLS path modeling method was developed by Wold (1992) and the PLS algorithm is essentially a sequence of regressions in terms of weight vectors (Henseler et al., 2009). ![]() The weight vectors obtained at convergence satisfy fixed point equations. In essence, the PLS-SEM algorithm is a sequence of regressions in terms of weight vectors. ![]() The partial least squares (PLS) path modeling method, also called PLS structural equation modeling (PLS-SEM), was developed by Wold (1982) and further improved by Lohmöller (1989).
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