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Definition: Least squares method
Category: Memobust Glossary
One of the most popular methods of finding estimates based on fitting a mathematical model to data, aiming at minimizing the sum of squares of deviations between observed and fitted values. https://ec.europa.eu/eurostat/cros/content/memobust-glossary-pdf-file_en
Source:
Eurostat, "Memobust Glossary" (part of the Memobust Handbook on Methodology of Modern Business Statistics), ESSnet "Memobust", March 2014
Eurostat, "Memobust Glossary" (part of the Memobust Handbook on Methodology of Modern Business Statistics), ESSnet "Memobust", March 2014
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