Article - Structural Equation Modeling (SEM) in understanding and explaining patterns and structures in national economies!
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SEM is about understanding all linear relations, and we should always understand none-linear relations. And we find structures, unstructured things and chaos in all camps!
What do you understand of all things in statistics? How should everything be explained in thinking, market philosophy and market information everywhere in all the history we find? How should define reality, and how should everything be explained? Who has power in a nation and why? What if all comes from God or that there is just evolution?
What should a nation every explained ever in economics? What is the patterns and structures there? We should develop the following:
1. Consumption. What do you buy of all things, and how could it be explained with causality? Why should the country ever develop some goals and some meaning? What if people buy what they can of articles and services, and just enjoy life?
2. Production. Wha should be in focus in our organizations? What should be produced of welfare all ways and why? Have you ever got the best reasons from ever authority?
3. Services and goodness for life. What do you appreciate in life? What is the best things we can get in every markets?
4. Fitness. How should everything be organized in the most sensible ways? Could you explain your opinions, and what they imply? The best thing in life is not to hate people, but to love them!
5. Earning money. What should businesses be focused on in business life? What do employees and people appreciate everywhere in ever country?
6. Power. What is power and why? What if research at Stanford does not have reliability and validity in every environment in life?
Every country should try to explain what is going on and why. Gross domestic product and export should be created as large as possible for all conceivable time moments, and we should use this in sensible ways on investments, consumption, and on import! We can use economic theories, data and methods to understand what is happening and why. The worst thing is opinions without have scientific explanations. We can explain everything in every nation by using LISREL (Linear Structural RELations) and other mathematical method!
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