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Table 3 Standardized residual variance of the indexes

From: The challenge of assessing financial literacy: alternative data analysis methods within the Italian context

  Financial behavior index Financial attitude index Financial knowledge index Financial global index
Empirical Modeled Empirical Modeled Empirical Modeled Empirical Modeled
Raw variance explained by the measures (%) 53.4 55.8 59.4 58.9 48.2 50.8 80.7 80.1
Unexplained variance in 1st contrast (%) 9.8   7.4   8.4   2.1