What is Ordinary Least Squares (OLS)?

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2026-03-23 17:31:26 -

What is Ordinary Least Squares (OLS)? Ordinary Least Squares (OLS) is one of the most widely used statistical methods in economics and econometrics for estimating relationships between variables. Economists use OLS to quantify how one or more independent variables—such as education, interest rates, or government spending—affect a dependent variable like income, investment, or...

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