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Definition: Weighted least square (WLS)
Category: Memobust Glossary
Definition 1 : The parameter are obtained as those value the minimize a weighted square of distance between predicted and observed. Definition 2 : Parameter estimates are obtained as the values maximizing the weighted square of distance between predicted and observed 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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