1) One binary predictor variable (non-latent)
2) 1 latent outcome variable with three items (ordinal scale)
3) 1 latent variable with seven items (ordinal scale)
4) 1 latent variable with two items (continuous scale)
5) 1 latent variable with 14 items (ordinal scale)
6) 1 latent variable with 10 items (ordinal scale)
The sample size is 522 and for each of the latent variables, individual items are highly significant. However, goodness of fit for the full SEM (as well as for some of the individual measurement models for latent variables) is not optimal. According to CFI , model fit is very good (CFI=0.986), but according to RMSEA (=0.103) and SRMR (=0.104) it is rather poor, also chi2 is 323404.72*** with df=754 indicates poor fit.
I have already inspected modification indices and correlated some error terms, but the model fit could not be improved substantially. The model is very much embedded in theory and corresponds to my qualitative findings and I am therefore hesitant to discard it altogether. I was wondering whether you have any advice on how to address this issue and could share your thoughts on the following questions:
1) Do you think the above fit statistics are 'too bad' to include the model in a paper/send it to a journal?
2) Is there any reason for why model fit looks good according to CFI but poor according to RMSEA and SRMR? Where does this difference come from?
3) Do you have any other advice on how to possibly refine the model without neglecting theoretical foundations?
Thank you!