|Definition||:||Weighted Least Squares|
|Category||:||Academic & Science » Mathematics|
What does WLS mean?
Weighted Least Squares (WLS) is used as an alternative to ordinary least squares when correcting for unequal variance. It is used to obtain efficient unbiased estimates by assigning each observation in the data set a weight that is determined by the uncertainty of the measurement.
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Frequently Asked Questions (FAQ)
What is the full form of WLS in Mathematics?
The full form of WLS is Weighted Least Squares