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Describe least square technique and its advantages and disadvantages |
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Answer» please mark this as brain list answer ....EXPLANATION:Advantages: SIMPLICITY: It is very EASY to explain and to understand. Applicability: There are hardly any applications where least squares doesn't make sense. Theoretical UNDERPINNING: It is the maximum-likelihood solution and, if the Gauss-Markov conditions apply, the best LINEAR unbiased estimator. |
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