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 3 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 2 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 4 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