LEAST SQUARES CRITERION

a theory whereby an individual should estimate the values of parameters in a model which minimizes the squared error value of predictions from that model.

LEAST SQUARES CRITERION: "Predictions from models are not always correct, the least squares criterion proves minimized predictions based on this assumption."
Cite this page: N., Pam M.S., "LEAST SQUARES CRITERION," in PsychologyDictionary.org, April 7, 2013, https://psychologydictionary.org/least-squares-criterion/ (accessed December 7, 2019).
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