What Does CLS Stand For?

CLS stands for Classical Least Squares

Classical Least Squares (CLS) is a statistical method used for estimating the parameters of a linear regression model. It minimizes the sum of the squares of the differences between observed values and the values predicted by the model. This technique assumes that the relationship between the dependent and independent variables is linear and that the errors are normally distributed, enabling reliable inference and prediction based on the fitted model. CLS is widely used in various fields, including economics, engineering, and social sciences, for data analysis and quantitative research.

Other Meanings for CLS