What is meant by generalized least squares (GLS)? How does it work to correct for autocorrelation?

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Introductory Regression Analysis With Computer Application For Business And Economics

ISBN: 9780415899338

1st Edition

Authors: Allen Webster

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Question Posted: Feb 27, 2024 03:05 AM

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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

Introductory Regression Analysis With Computer Application For Business And Economics

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