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least squares
(redirected from Least-squares)

   Also found in: Medical, Wikipedia 0.01 sec.
least squares
pl.n. Statistics
A method of determining the curve that best describes the relationship between expected and observed sets of data by minimizing the sums of the squares of deviation between observed and expected values.

least squares
n
(Mathematics) a method for determining the best value of an unknown quantity relating one or more sets of observations or measurements, esp to find a curve that best fits a set of data. It states that the sum of the squares of the deviations of the experimentally determined value from its optimum value should be a minimum
ThesaurusLegend:  Synonyms Related Words Antonyms
Noun1.least squares - a method of fitting a curve to data points so as to minimize the sum of the squares of the distances of the points from the curve
statistics - a branch of applied mathematics concerned with the collection and interpretation of quantitative data and the use of probability theory to estimate population parameters
statistical method, statistical procedure - a method of analyzing or representing statistical data; a procedure for calculating a statistic


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Regression "instruments" and the regression procedure known as two-stage least-squares are typically used to estimate a demand equation.
Data analysis issues are discussed within the framework of maximum likelihood, which incorporates the current least-squares strategies but also enables the impact of systematic uncertainties in both observed and calculated data to be reduced.
Topics covered include reliability analysis, multivariate optimization, least-squares and maximum likelihood, and error-propagation.
 
 
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