A latent variable model is a statistical model that relates a set of variables (so-called manifest variables) to a set of latent variables.
DEFINITION of 'Functional Obsolescence'. A reduction in the usefulness or desirability of an object because of an outdated design feature, usually one that cannot be easily changed.The term is commonly used in real estate, but has a wide application.Next Up. reduction in the usefulness or desirability of an object because of an outdated design feature, usually one that cannot be easily changed. The term is commonly used in real estate, but has a wide application. Next Up.
Another phenomenon similar to Einstellung is functional fixedness (Duncker 1945). Functional fixedness is an impaired ability to discover a new use for an object, owing to the subject's previous use of the object in a functionally dissimilar context.nother phenomenon similar to Einstellung is functional fixedness (Duncker 1945). Functional fixedness is an impaired ability to discover a new use for an object, owing to the subject's previous use of the object in a functionally dissimilar context.