ordinary least squares


The simplest and most common method of fitting a straight line to a sample of data: by minimizing the sum of the squares of the deviations of the data from the line.

Use this term in a sentence

The ordinary least squares were really important to have and it made us all happy and we really enjoyed it a lot.

​ Was this Helpful? YES  NO 5 people found this helpful.

For the meeting today the supervisor advised me to use a graph of ordinary least squares as to not confuse our guests.

​ Was this Helpful? YES  NO 10 people found this helpful.

The statistician and research scientist used the ordinary least squares to manage and shape the data to be of best use for us.

​ Was this Helpful? YES  NO 2 people found this helpful.

Show more usage examples...

Related Terms

Browse Definitions by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
ordinary interest OLS