What is meant by generalized least squares (GLS)? How does it work to correct for autocorrelation?
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What is meant by generalized least squares (GLS)? How does it work to correct for autocorrelation?
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Generalized Least Squares GLS is an extension of Ordinary Least Squares OLS regression that is used when there is heteroscedasticity or serial correlation autocorrelation in the error terms GLS accoun...View the full answer
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Related Book For
Introductory Regression Analysis With Computer Application For Business And Economics
ISBN: 9780415899338
1st Edition
Authors: Allen Webster
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