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What does the acronym OLS mean in the field of statistics?

Updated: 9/23/2023

Wiki User

∙ 10y ago

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The acronym OLS as pertaining to the field of statistics stands for Ordinary Least Squares, the standard linear regression procedure. This is the standard approach to overdetermined systems.

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∙ 10y ago

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Continue Learning about Statistics

In the presence of heteroscedasticity OLS estimators are biased as well as inefficient?

They are still unbiased however they are inefficient since the variances are no longer constant. They are no longer the "best" estimators as they do not have minimum variance

Related questions

What is Ols-et-Rinhodes's population?

Ols-et-Rinhodes's population is 145.

What is the area of Ols-et-Rinhodes?

The area of Ols-et-Rinhodes is 10.82 square kilometers.

What is the advantage of using OLS method?

OLS leads to a closed-form solution. The problems in other metrics such as L1 do not. Furthermore, the statistical theory for OLS is much richer than for other metrics in spite of the fact that OLS leads to difficulties in dealing with 'outliers'.

How ols was King Tutankhamun when he dies?

If you mean old , he was 18 yrs old but some people say he was 19

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40

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19

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23

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40

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15

How ols is vannesa hunghes?

21.(2010)

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