Table 2.

CVPAT results for CUSA and CUSL

Data setPLS-SEM lossEqual weight lossDifferencep-value
Corprep220.6290.630−0.0010.493
Corprep230.5550.559−0.0040.003

Notes:

Loss = average loss. The calculation follows the CVPATconstructcompare measure from Sharma et al. (2023), but instead of testing the out-of-sample predictive ability between two PLS-SEM, the out-of-sample predictive ability is tested between a PLS-SEM and an equal weight model. p-values are based on 5,000 bootstrap samples

Source: Authors’ own work

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