Path Diagram End of Problem
Most Master's theses in Psychology, Business, or Education test models with 3 to 5 latent variables, each measured by 3 to 5 items (15-25 observed variables total). The LISREL Student Version handles this easily.
For the price of free (or a modest handle fee), you gain access to the same engine that validates the scales for the Beck Depression Inventory or the SERVQUAL instrument. While the industry shifts toward open-source R and Python, the pedagogical clarity of LISREL’s SIMPLIS language remains unmatched.
However, for a graduate student or a researcher early in their career, the barrier to entry has always been twofold: the steep learning curve of SEM theory and the high cost of commercial software licenses.