Calculate the average variance extracted (AVE) as proposed by Fornell and Larcker (1981) . For details see the cSEM website
calculateAVE(
.object = NULL,
.only_common_factors = TRUE
)An R object of class cSEMResults resulting from a call to csem().
Logical. Should only concepts modeled as common
factors be included when calculating one of the following quality criteria:
AVE, the Fornell-Larcker criterion, HTMT, and all reliability estimates.
Defaults to TRUE.
A named vector of numeric values (the AVEs). If .object is a list
of cSEMResults objects, a list of AVEs is returned.
The AVE is inherently tied to the common factor model. It is therefore
unclear how to meaningfully interpret the AVE in the context of a
composite model. It is possible, however, to force computation of the AVE for constructs
modeled as composites by setting .only_common_factors = FALSE.
Fornell C, Larcker DF (1981). “Evaluating structural equation models with unobservable variables and measurement error.” Journal of Marketing Research, XVIII, 39–50.