7.12 Standardized Root Mean Squared Residual (SRMSR)
Standardized Root Mean Squared Residual (SRMSR) is frequently used in Structural equation modleing to compare the absolute fit of the data. The SRMSR is calculated as the square root of the sum of the squared differences between the observed correlations and the model-implied correlations for all pairs of items(Ravand & Robitzsch, 2018).
Let us assume that the standardized residual variances and covariances be(Pavlov et al., 2021),
ˆεij=sij−ˆσij√siisjj,
where Sij is the sample covariances between item pairs i and j, with the model implied counterpart ˆσij. If i=j, then Sii and ˆσii are the variances.
The sample SRMSR can be obtained as,
^RMSR=√1t∑i≤jˆε2ij=√1tˆε′ˆε,
Where t=p(p+1)/2 denotes the number variances and covariances, and ˆε is the vector of t standardized residula covariances.
Maydeu-Olivares (2013) suggested to consider models with SRMSR values below 0.05.