generalized least squares regression

a procedure used to estimate regression coefficients and other parameters when error variances are correlated or show heterogeneity of variance such that a conventional ordinary least squares regression procedure will produce biased results.

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Psychology term of the day

September 1st 2024

economy

economy

n.

1. any system of rules and regulations by which something is managed; for example, a token economy is one in which a behavioral system is managed according to the disbursement of tokens as rewards.

2. management of resources in order to maximize efficiency or returns (material or psychological) and to avoid waste.