Least Squares

Least-Squares Growth Rate
An estimate of the growth rate of a variable obtained from the ordinary least squares regression of the natural logarithm of the variable on a constant and on a linear time trend.
Best-Fit Line
A line on a scatter diagram representing the optimal relationship between two variables.
Aitken Estimator
An exploration of the Aitken estimator, commonly known as the generalized least squares estimator, and its applications within various economic frameworks.
Least Squares
A method of estimation in econometric models minimizing the sum of squared differences.
Normal Equations
An overview of the term 'normal equations' in the context of econometrics and least squares estimation.